Madar (Rabat) - Non-performing loans owed by households in Morocco reached MAD 44.3 billion at the end of September 2026, up 5% year on year, according to Bank Al-Maghrib data in its November monthly report on economic, monetary and financial conditions, Hespress reported on Friday, 6 November.
These loans account for 10.9% of all credit extended to individuals. Total bank lending to households rose 3.5% to MAD 405.5 billion, including MAD 262.8 billion in real estate loans (MAD 260.4 billion for housing) and MAD 63.8 billion in consumer loans, up 2.6% and 5.4% respectively.
Annual growth in household non-performing loans had reached 6.7% at the end of August before slowing to 5% in September, and their outstanding balance fell 0.8% from the previous month.
On interest rates, the average rate on loans to individuals fell to 5.56% in the third quarter of 2026, down 3 basis points, while the overall average lending rate dropped 24 basis points to 4.57%. Housing loans stood at 4.50% and consumer loans at 6.68%, while the rate on overdrafts and cash advances to individuals rose 98 basis points to 6.49%.
Total non-performing loans in the banking system, households and companies combined, reached MAD 105.5 billion at the end of September, up 2.3% year on year, but their share of total lending fell to 7.9% from 8.2% at the end of August. Those of private non-financial companies stood at MAD 60.4 billion, or 11.8% of their borrowing.
Meanwhile, total outstanding bank loans grew 12.2% to MAD 1,333 billion, and lending to the non-financial sector rose 11.2% to MAD 1,084 billion, with loans to private companies up 13.8%.
The figures come as the labour market weakens: citing the latest labour force survey, Bank Al-Maghrib said Morocco lost 173,000 jobs between the second and third quarters of 2026, with unemployment rising to 10.5% nationally and 12.5% in urban areas.
