There is thus an increase annual 6.4% of business loans non private financial loans to 863.3 billion dirhams, mainly reflecting the 11.6% increase in cash facilities and, to a lesser extent, the 2.3% increase in equipment loans. On the other hand, home loans fell by 3.7%.
The BAM business survey indicates that access to financing, in Q1-2022, was considered normal by 91% of industrial companies and difficult by 9%, with a stagnating cost of credit.
According to the available results of the survey on credit conditions for Q1-2022, the criteria would have been
eased for cash loans, kept unchanged for equipment loans and tightened for property development loans.
By size, the criteria would have been kept unchanged for both VSMEs and LEs. As for demand, it would have experienced a drop both for VSMEs and for GEs and for all credit items.
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In Q1-2022, the rates applied to new loans fell to 4.02%. By company size, they stood at 3.65% for LEs and 4.85% for VSMEs.
For loans granted to households, they stood at 371.5 billion dirhams at the end of May 2022, i.e. an annual increase of 3.3%, essentially reflecting a 2.9% increase in housing loans. Crowdfunding for housing, in particular in the form of real estate Murabaha, continued to grow and amounted to 17.1 billion dirhams, after 13.2 billion a year earlier.
In Q1-2022, the banks declare unchanged granting criteria for both housing loans and home loans. consumption. 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 Q1-2022, at 5.20% with 4.21% for housing loans and 6.50% for consumer loans.
Bank deposits
Deposits with banks recorded, at the end of May 2022, an annual increase of 4.9% to stand at 1.062 billion dirhams. Household deposits amounted to 791.3 billion dirhams, an annual increase of 3.5%, with 189.7 billion dirhams held by MREs. Deposits from private companies, for their part, increased by 15.7% to reach 170.8 billion dirhams at the end of May.
At the end of May 2022, interest rates on 12-month term deposits fell by 17 basis points to settle at 2.45% while those at 6 months increased by 6 basis points to reach 2.10%. For savings accounts, their minimum rate of return was set at 1.24% for the second half of 2022, an increase of 19 basis points compared to the previous half.
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