## Moroccan Financial System Weathering Global Storms, Boasts 10% Expansion

**Resilience Amid Uncertainty:** Despite ongoing global economic instability and domestic climate challenges, Morocco's financial system demonstrated remarkable strength in 2024.  This is according to the 12th edition of the annual Financial Stability Report, a collaborative effort by Bank Al-Maghrib, the Insurance and Social Welfare Supervisory Authority, and the Moroccan Capital Markets Authority.

**Growth Against the Tide:** The report highlights that the financial sector expanded by 10% in 2024,  a significant achievement considering the turbulent global economic landscape.


"The financial system continued to demonstrate resilience," stated a report spokesperson. "Structural foundations have been strengthened, allowing for continued growth despite ongoing challenges."

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## Moroccan Financial System Weathering Global Storms, Boasts 10% Expansion

**Resilience Amid Uncertainty:** Despite ongoing global economic instability and do

Morocco’s financial sector expands 10 percent amid global he

Morocco’s financial sector expands 10 percent amid global headwinds

## Microcredit Booms in Morocco: Portfolio Hits Record High 

**Moroccan microcredit sector shows strong growth and positive risk trends.**

The gross microcredit portfolio in Morocco surged to a record high of 9.5 billion dirhams in 2024, representing a notable 9.4 percent year-on-year increase, according to Bank Al-Maghrib’s annual banking supervision report.  

**Domination and Destination:** Four leading associations control over 98 percent of all distributed microloans. Of these loans, 88 percent are directed towards microenterprises, while 11 percent support social housing initiatives. Urban areas receive the majority of funding, absorbing 83 percent of total loans, with 89 percent granted as individual credits.

**Risk Reduction:** The volume of non-performing loans saw a significant decrease of 8 percent, reaching 452 million dirhams. This decline reduced the risk ratio from 5.6 to 4.7 percent. Provision coverage also improved to 84 percent.


**Financial Stability:** Sectoral debt remained stable at 6.1 billion dirhams, accounting for 68 percent of funding sources. Local banks provide the vast majority of these funds, representing 94 percent of total contributions. Equity witnessed a notable increase of 9.7 percent to 2.83 billion dirhams, now constituting 26 percent of liabilities.  


## Microcredit Booms in Morocco: Portfolio Hits Record High 

**Moroccan microcredit sector shows strong growth and positive risk trends.**

The gross microcred

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Morocco’s financial sector expands 10 percent amid global headwinds

Microcredit portfolio grows to 9.5 billion dirhams with improved risk indicators