Tamwilcom’s efforts to support both businesses and individuals have resulted in the mobilization of 21 billion dirhams (MMDH) in financing during the first half of 2024, backed by commitments totaling 11.8 MMDH. This marks a 5% increase in overall activity compared to the same period in 2023, according to a statement released following Tamwilcom’s 9th board meeting, chaired by the Minister of Economy and Finance, Nadia Fettah, in Rabat on Thursday.
The company’s core business of providing guarantees to private enterprises remained central to its operations, accounting for nearly 90% of total commitments. Despite a challenging economic environment, guarantees for small and medium-sized enterprises (SMEs) saw a 4% increase compared to the first half of 2023. This facilitated the mobilization of 18.7 billion dirhams in credit through 28,550 financing operations, with guarantees from Tamwilcom amounting to 10.6 billion dirhams.
A significant portion of these guarantees—over 90% of the transactions—benefited micro and very small enterprises, reflecting Tamwilcom’s commitment to supporting this key segment of the economy.
The board meeting also reviewed Tamwilcom’s financial results as of June 30, 2024. During this period, the institution generated a net banking income of 385.5 million dirhams and a net profit of 183.23 million dirhams.
In addition to approving the 2025 budget, the board also endorsed a new 2024-2030 roadmap, focusing on “greening” Tamwilcom’s interventions for SMEs. This initiative aligns with the government’s commitments to sustainable development and climate finance.
