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The overall weighted average loan rate fell by 29 bps to 4.58%, according to the results of Bank Al-Maghrib’s survey on lending rates relating to the second quarter of 2020.
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By economic object, rates fell 23 bps to 4.41% for liquidity facilities and 31 bps to 4.21% for equipment loans, according to the results of this survey published on Wednesday.
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Bank Al-Maghrib further notes that rates rose 6 bps to 5.22% for mortgage loans and 34 bps to 7.09% for consumer loans.
By institutional sector, the rates applied to loans to individuals fell by 11 bps to 5.53% and those attaching assistance to non-financial companies fell by 26 bps to 4.44%, notes the same source.
For private non-financial companies in particular, rates fell 36 bps to 4.44% overall, reflecting declines of 28 bps to 4.14% for large corporations (GE) and 65 bps to 5.18 for very small, small and medium-sized enterprises (VSEs).
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