Bank credit: Outstandings up at the end of September

Outstanding bank credit to non-financial agents amounted to MAD 896 billion and that to financial agents to MAD 142.8 billion, specifies BAM in its “bank credit-deposit” dashboard for the month of September 2022. he annual increase of 9.4% in loans to private non-financial enterprises (NFEs) essentially reflects the 16.3% increase in cash facilities and the 3% increase in equipment loans. On the other hand, home loans fell by 3.9%.

At the same time, the scoreboard recalls that the BAM business survey indicates that access to financing, in Q3-2022, was considered “normal” by 87% of industrial companies and “difficult” by 11% of them. they.

In addition, the cost of credit would have been stagnant according to 72% of the bosses and rising according to 27%, adds the same source. According to the survey on credit conditions for Q3-2022, the criteria would have been relaxed for cash loans and kept unchanged for loans for equipment and real estate development.

By size, the criteria would have been kept unchanged for very small, small and medium-sized enterprises (TPME) and relaxed for large enterprises (GE). As for demand, it would have experienced an increase both for VSMEs and for GEs and for all types of credit apart from equipment loans for which it would have stagnated.

In Q3-2022, the rates applied to new loans increased to 4.12%. By company size, they stood at 3.87% for LEs and 4.94% for VSMEs. Crowdfunding for housing, in particular in the form of real estate Murabaha, continued to grow and stood at 18.2 billion DH, after 14.9 billion DH a year earlier.

In Q3-2022, banks report unchanged granting criteria for both housing loans and consumer loans, the central bank said, adding that for demand, it would have increased for home loans. housing and decreased for those for consumption. As for the rates applied to new loans to households, they stand, in Q3-2022, at 4.19% for housing loans and 6.39% for consumer loans.

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