Real estate crowdfunding, especially through Mourabaha-based transactions, is steadily gaining momentum in Morocco. By the end of April, the total volume had climbed to 26.2 billion dirhams, up from 22.5 billion a year earlier, according to the latest figures from Bank Al-Maghrib. That marks a year-over-year increase of 16.6%.
On the broader credit front, loans granted to households rose by 2.6% over the same period, driven by modest gains in housing loans, which were up 2.5%, and consumer credit, which edged up by 2.7%.
Bank Al-Maghrib also noted that in the first quarter of 2025, most industrial businesses—84%—described access to bank credit as “normal.” Only 10% reported difficulties. Meanwhile, interest rates remained steady for 73% of firms and actually declined for 21%, suggesting that credit conditions were generally favorable.
Interest rates on new loans dipped slightly during the quarter, falling by nine basis points to an average of 5.17%. Larger companies secured more favorable terms with an average rate of 4.96%, while smaller businesses, including micro, small, and medium enterprises, faced a higher average rate of 5.61%.
On the deposit side, Morocco’s total bank deposits crossed the 1.25 trillion dirham mark in April, reflecting annual growth of 7%. Households accounted for 929.6 billion dirhams of that total, with 210.9 billion coming from Moroccans living abroad. Private non-financial companies also increased their deposits significantly, reaching 220.6 billion dirhams—an 11.4% rise compared to the previous year.
Interest rates on term deposits saw a modest decline. In April, the average rate for 12-month placements dropped by 14 basis points, landing at 2.73%, while the 6-month rate fell by 6 points to 2.72%. The minimum interest rate for savings accounts was set at 2.21% for the first half of 2025, down 27 basis points from the previous six-month period.
