Overall lending rate down to 4.24% in the third quarter

The results of the Bank Al-Maghrib (BAM) survey on lending rates for the third quarter of 2022 show a drop in the overall average rate of 5 basis points to 4.24%.

By economic purpose, the rates stood at 3.97% for cash facilities, 4.14% for equipment loans, 4.69% for real estate loans and 6.39% for consumer credit, says the Central Bank. By institutional sector, the rate applied to loans to individuals stood at 5.33% and that of loans to non-financial companies at 4.04%.

For loans to private non-financial companies, the matching rate was 4.12%, with a rate of 3.87% for large companies (GE) and 4.94% for very small, small and medium-sized enterprises (TPME).

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