This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press
Bank Al-Maghrib indicated that crowdfunding intended for housing, particularly in the form of “real estate Murabaha”, continued to grow, reaching 24.5 billion dirhams at the end of November, after having reached the equivalent of 21.4 billion of dirhams a year earlier.
The Bank of Morocco explained, in the dashboard relating to the latest “bank loans and deposits”, that this financing recorded an increase of 14.5% compared to November 2023.
According to the same source, loans to families recorded an annual increase of 0.8 percent, mainly reflecting growth of 1.7 percent in housing loans and 1.5 percent in consumer loans.
The inventory of the Bank of Morocco also reports that access to bank financing during the third quarter of 2024 was considered “normal” by industrialists.
Interest rates on new loans decreased during the third quarter of 2024 to 5.33 percent, reaching 5.14 percent for large businesses and 5.74 percent for very small, small and medium-sized businesses.
