Morocco- Overall Lending Rate of Moroccan Banks Stands at 5.24% in 2016

2016-08-11 06:07:45

(MENAFN- Morocco World News) The overall lending rate of Moroccan banks stood at 5.24 percent in the 2nd quarter of 2016 compared to 5.55 percent in the previous quarter, according to Bank Al Maghrib.

The results of the quarterly survey on lending rates charged by banks to their nonfinancial customers in the second quarter 2016 show that the overall lending rate stood at 5.24 percent as against 5.55 percent a quarter earlier, the Rabat-based Central bank said in a note published on its website.

Interest rates on all credit categories registered a drop, standing at 4.91 percent for equipment loans, 5.16 percent for cash advances, 5.41% for real estate loans and 6.63 percent for consumer loans, the bank pointed out.

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