Bank Al-Maghrib Reports 3.9% Increase in Loans to the Non-Financial Sector
Bank Al-Maghrib has announced a 3.9% rise in loans directed towards the non-financial sector during the first quarter of 2025.
This increase is attributed to a faster growth rate in loans to households, which rose from 2.3% to 2.6%, and loans to private enterprises, which increased from 2.1% to 2.3%.
Conversely, loans granted to public enterprises experienced a slowdown in growth, decreasing from 11.9% to 10.5%.
Furthermore, personal loan growth moved up from 2.2% to 2.5%, bolstered by a rise in housing loans from 1.7% to 2%, and a notable increase in consumer loans from 2.1% to 2.9%.
Loans to self-employed individuals have remained stagnant, contracting at a rate of 0.8%.
The growth trend for loans to private non-financial enterprises reflects a surge in loans for real estate, which jumped from 6.4% to 9.8%, along with a rise in equipment loans from 9.3% to 9.6%.
Regarding public enterprise loans, the slowdown is largely due to a decline in treasury facilities, which fell from 30.8% to 24.9%. In contrast, loans for equipment increased by 1.1%, recovering from a previous decline of 1.1% in the first quarter.
On June 24, the Bank Al-Maghrib council decided to maintain the key interest rate at 2.25%.
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