Stocks Market
Bank Al-Maghrib Cuts Overall Borrowing Rate to 4.82% in Q4 2025
Bank Al-Maghrib’s quarterly survey shows that the composite borrowing rate slipped by three basis points in the fourth quarter of 2025, settling at 4.82 %. The detailed breakdown reveals lower rates for cash‑management facilities and equipment financing, while consumer credit remains the most expensive segment. The data signals a stable credit environment in Morocco, with rates staying closely aligned with the central bank’s policy stance.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Bank Al-Maghrib released its quarterly survey of borrowing rates for the fourth quarter of 2025, showing a modest drop of three basis points in the composite rate, which now stands at 4.82%.
Breakdown by Loan Purpose
- Cash‑management facilities: 4.58%
- Equipment financing: 4.95%
- Mortgage loans: 5.19%
- Consumer credit: 6.89%
Breakdown by Borrower Type
- Individual borrowers: 5.69%
- Non‑financial enterprises (overall): 4.72%
- Private non‑financial enterprises: 4.94% (large corporations 4.74%, SMEs 5.22%)
The survey underscores a stable credit environment in Morocco, with rates remaining close to the central bank’s policy stance.