Both GDP growth and the decline in demand for company loans hampered the development of consumer lending in Morocco, such that GDP posted growth of 3.1% since January 2019, while companies’ investments have stagnated since 2018.
Bank institutions are facilitating the process of credit and offering new programmes at lower interest rates. To illustrate, Attijariwafa Bank has set a new pricing policy where rates are no longer fixed depending on the repayment period and the client's income, but instead sets a specific rate for a longer interval of the loan period.
In Morocco, the rate of banking is rapidly increasing, reaching 73% in 2019. In parallel, technology advancement is impressive and covering several fields, including banking systems.
Despite the huge efforts made by bank institutions in cooperation with the government, especially the reduction in interest rates, mortgages/housing is witnessing a considerable slowdown in 2019. This is due to a general decrease in demand for real estate among Moroccans, such that the high cost of living and lack of funds are hampering decision making around mortgages/housing.
The majority of economic indicators in Morocco suggest different expectations. Thus, the future of employment, GDP, in addition to the continuous growth of living costs and income levels remain uncertain.
You have no recently viewed reports.
Why not browse through our Featured or Trending Reports to see what we have to offer?
Discover the latest market trends and uncover sources of future market growth for the Consumer Lending industry in Morocco with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Lending industry in Morocco, our research will save you time and money while empowering you to make informed, profitable decisions.
The Consumer Lending in Morocco market research report includes:
Our market research reports answer questions such as:
Why buy this report?
Euromonitor’s industry reports, including Consumer Lending in Morocco, originate from our database within our Consumer Finance market share and market size database, Passport, a platform which analyses Consumer Finance in 46 countries and globally.