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Morocco · Market · October 5, 2026

Moroccan housing loans edge up at end-August

Bank Al-Maghrib data show 330 billion dirhams in outstanding real estate loans at end-August 2026, with conventional housing loans up 2.4% and participatory (Islamic) home finance up 16.3%.

Total outstanding bank credit in Morocco reached 1,292 billion dirhams at end-August 2026, up 11.3% year on year, according to Bank Al-Maghrib figures reported by Le Matin. Growth was driven mainly by equipment loans, which rose by more than 30%.

Real estate loans totalled 330 billion dirhams. Conventional housing loans grew 2.4% to 259 billion dirhams, while participatory (Islamic) home financing expanded faster, up 16.3% to 32 billion dirhams.

Lending to households rose 4.1% overall. Non-performing loans increased 3.7% year on year, and their share of total bank credit stood at 8.2%, compared with 8.1% in July.

Sources

Summarised by Akram Toub Real Estate from the sources listed. This is general information, not financial or legal advice.

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