New instruments to save the sector

The time has come for vigilance in the banking system. To secure assets, banks are taking action. Bank Al Maghrib adopts new rules to avoid bankruptcy in this sector, tells us the Economist.

These new rules, specific to donations in payment and which should come into force by 2021, will allow banks to be reimbursed for loans granted for real estate. The interest for the banking regulator is to prepare the framework for household real estate debt.

According to the Economist, the outstanding amount, very high, is 226 billion dirhams, with a default rate of 6.8% in 2019. With regard to this table, from now on, the relationship between the amount of credit and the price will be taken into account. purchasing real estate and DSTIs which represent debt-to-income services; this to “prevent excessive household indebtedness and protect banks against the associated risks”.

For the moment, the newspaper talks about the absence of fixed rules on the debt ratio. In the very short term, the new measures could exclude some applicants from access to mortgage credit.

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