Outstanding bank credit stood at 1,027.8 billion dirhams (MMDH) in the first half of the year, up 4% annually, according to Bank Al-Maghrib’s “Credits and bank deposits” dashboard ( BAM). In detail, the outstanding balance of bank credit to non-financial agents amounted to 876.7 billion dirhams and that to financial agents to 151.1 billion dirhams, specifies BAM. The 6% annual increase in loans to private non-financial enterprises (NFEs) essentially reflects the 11% increase in cash facilities and, to a lesser extent, the 1.4% increase in equipment loans. On the other hand, home loans fell by 2%, reports MAP. In addition, the dashboard reports that BAM’s business survey indicates that access to finance, in Q2-2022, was deemed “normal” by 82% of industrial companies and “easy” by 11%, with a stagnant cost of credit. According to the available results of the survey on credit granting conditions for Q1-2022, the criteria would have been relaxed for cash loans, kept unchanged for equipment loans and tightened for development loans. real estate. By size, the criteria would have been kept unchanged for both very small, small and medium-sized enterprises (TPME) and for large enterprises (GE). As for demand, it would have experienced a drop both for VSMEs and for GEs and for all credit items. In Q2-2022, the rates applied to new loans increased to 4.05%. By company size, they stood at 3.79% for LEs and 4.82% for VSMEs. Moreover, loans to households recorded an annual increase of 3.6%, mainly reflecting a 2.5% increase in housing loans. Crowdfunding for housing, in particular in the form of real estate Murabaha, continued to grow and stood at 17.4 billion dirhams, following 14 billion dirhams a year earlier. In Q1-2022, banks report unchanged granting criteria for both housing loans and consumer loans. For demand, it would have increased for consumer loans and decreased for those for housing. As for the rates applied to new loans to households, they stand, in Q2-2022, at 4.19% for housing loans and 6.32% for consumer loans.
