2023-08-16 13:48:46
Cand outstandings is divided between non-financial agents with 916.1 billion dirhams (+1.1%) and financial agents 159.5 billion dirhams (+11.9%), specifies BAM which has just published its “credits- bank deposits” for the month of June 2023.
The 2.7% annual increase in loans to private non-financial enterprises (NFEs) essentially reflects increases of 3.9% in equipment loans and a 2% drop in liquidity facilities, explains the same source, noting that home loans fell by 4.5%.
This dashboard also recalls that the BAM business survey indicates that access to financing, in Q2-2023, was deemed “normal” by the majority of manufacturers.
Furthermore, the cost of credit was stagnating according to 70% of companies and rising according to 30% of them.
According to the survey on the conditions for granting credit for Q2-2023, the criteria would have been tightened for all the objects of credit, both for VSMEs and for GEs. As for demand, it would have experienced a drop both for GE and for SME and would have concerned all credit objects.
Regarding the rates applied to new loans, they increased to 5.27% in Q2-2023. By company size, they stood at 5.01% for LEs and 5.77% for VSMEs.
In addition, BAM indicates that assistance to households recorded an annual increase of 2.9%, mainly covering increases of 2.4% in housing loans and 1.7% in consumer loans.
Crowdfunding for housing, in particular in the form of real estate “Mourabaha”, continued to grow and stood at 20.3 billion dirhams, following 17.4 billion dirhams a year earlier.
In Q2-2023, the banks declare unchanged granting criteria for consumer loans and tightened for housing loans. As for demand, it appears to have stagnated both for housing loans and for consumer loans.
With regard to the rates applied to new loans to households, they stand, in Q2-2023, at 4.64% for housing loans and 7.27% for consumer loans.
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