HIBAPRESS
Bank Al-Maghrib reported that banks' liquidity needs worsened during December 2025, reaching 135.7 billion dirhams on a weekly average, compared to 129.1 billion dirhams a month earlier.
Bank Al-Maghrib added, in its monthly bulletin on the economic, monetary, and financial situation, that it has thus raised the total volume of liquidity injections to 154.5 billion dirhams, of which 72.1 billion dirhams are in the form of 7-day advances, 47 billion dirhams through repurchase agreements for one and three months, and 35.5 billion dirhams allocated to refinancing through long-term secured loans. Regarding the average daily trading volume between banks, the same source adds that it has returned to settle at 6 billion dirhams, with the average interest rate reaching 2.25 percent. At the Treasury bond market level, interest rates showed slight increases during December, both at the primary and secondary market levels. The central bank clarified regarding the deposit rates that they witnessed a decrease during November, equivalent to 47 basis points, reaching 2.31 percent for 6-month deposits, and 11 basis points to reach 2.6 percent for one-year deposits. Regarding the lending rates, the results of Bank Al-Maghrib's survey of banks for the third quarter of 2025 indicated the stability of the average overall interest rate at 4.85 percent. According to the institutional sector, interest rates related to loans allocated to individuals decreased by 6 basis points to reach 5.71 percent, including a decrease of 4 basis points to 4.64 percent for housing loans, with near-stability recorded at 6.89 percent for consumer loans. As for the interest rates applied to loans granted to non-financial companies, they saw an increase of 2 basis points to reach 4.74 percent, as a result of an increase of 8 basis points to 4.72 percent for treasury facilities, against decreases of 34 basis points to 4.48 percent for equipment loans, and 10 basis points to 5.37 percent for real estate revival loans. Regarding the size of the company, interest rates decreased by 3 basis points to reach 4.64 percent for large companies, and by 2 basis points to reach 5.41 percent for very small, small, and medium-sized companies.
