In its recently published bank credit-deposit scoreboard, BAM points out that the annual increase of 3.8% in credits to private NFEs (Non-Financial Enterprises) covers increases of 6.7% in cash facilities and 3 % of equipment loans as well as a 4.8% decline in real estate loans.
Citing its business survey, BAM recalls that access to financing, in the 4th quarter of 2021, was considered normal by 90% of industrial companies, with a stagnating cost of credit.
According to the results of the survey on the conditions for granting credit for the 4th quarter of 2021, the criteria would have been relaxed for cash loans, kept unchanged for those for equipment and tightened for loans for real estate development. .
By size, the criteria would have been kept unchanged for both VSMEs and LEs.
As for demand, it would have experienced an increase both for VSMEs and for GEs and for all credit items.
Bank Al-Maghrib also informs that the rates applied to new loans rose, in the 4th quarter of 2021, from one quarter to another, by 10 bps to 4.30%.
By company size, they increased by 18 bps to 4.01% for GE (large companies) and fell by 10 bps to 4.88% for VSMEs.
Crowdfunding for housing
Furthermore, loans to households recorded an annual increase of 3.7%, essentially reflecting a 4.3% increase in housing loans.
Ditto for crowdfunding for housing, in particular in the form of real estate Murabaha, which continued to grow and was Murabaha after 12 billion dirhams a year earlier.
In addition, the BAM scoreboard shows that the banks declare unchanged granting criteria for both housing loans and consumer loans.
As for demand, it would have progressed both for consumer loans and for those for housing.
As for the rates applied to new loans to households, in the 4th quarter of 2021 they stagnated at 4.24% for housing loans and fell by 4 bps to 6.47% for those for consumption.
Remuneration of term deposits
Also according to the central bank’s dashboard, deposits with banks recorded, at the end of February 2022, an annual increase of 5.5% to stand at 1,050.2 billion dirhams.
Household deposits stood at 779.7 billion dirhams, an annual increase of 2.7% with 186.9 billion dirhams held by MREs.
Deposits from private companies, for their part, increased by 11.7% to reach 166.4 billion dirhams at the end of February.
BAM also notes that the remuneration rates for 6-month term deposits recorded, at the end of February 2022, an increase of 10 basis points to stand at 2.12% while those at 12 months fell by 26 points. basis to reach 2.36%.
For savings accounts, their minimum rate of return was set at 1.05% for the first half of 2022, an increase of 2 basis points compared to the previous half.