On Tuesday, July 28, 2026, the financial situation of households in Morocco continued to improve throughout 2025, bolstered by an increase in their financial assets, which reached a remarkable 1.192 trillion dirhams. This information is detailed in the thirteenth annual report on financial stability, presented on Monday in Rabat. The report, released by Bank Al-Maghrib, the Moroccan Capital Market Authority, and the Insurance and Social Welfare Control Authority, highlights that the financial assets of households primarily consist of bank deposits, amounting to 935 billion dirhams, along with significant investments in securities that saw a notable rise to 114 billion dirhams.
Simultaneously, household debt experienced its most substantial increase since 2012, climbing to 456 billion dirhams, which equates to 27 percent of the Gross Domestic Product (GDP). This surge reflects a rapid acceleration in housing loans and consumer credit. Alongside this development, there was a slight increase in the average debt ratio for new borrowers, as well as in the percentage of households that exceeded a debt level of 40 percent of their income. Despite these trends, the household delinquency rate remained relatively high, settling at 10.3 percent.
In terms of non-financial corporate debt, the total bank debts rose to 657 billion dirhams, representing 39 percent of the GDP, while the total bond debts reached 124 billion dirhams. Regarding the quality of the loan portfolio, the proportion of non-performing loans stabilized at 11.2 percent. Furthermore, an analysis of the financial structure, based on a sample of 116,406 companies, revealed that the share of medium and long-term financial debt decreased to 43 percent of permanent capital in 2024, down from 46 percent the previous year.
Short-term financial debt stood at approximately 11 percent of revenue, showing a slight decrease compared to the previous year. As for payment terms among companies, improvements continued, reflecting the positive dynamics observed since 2021. Consequently, the average payment term for customers decreased to 98 days of revenue in 2024, compared to 123 days in 2023, while the average payment term for suppliers decreased from 80 to 70 days of purchases. Despite these positive developments, disparities remain based on company size and activity sectors.
As reported by maroc.ma.
