Moroccan banks' record lending fails to offset market revenue slump

Moroccan banks are experiencing record credit growth, yet their financial results are being dragged down by a collapse in market revenues, forcing analysts to revise forecasts downward. Credit in Morocco grew by 10.9% year-on-year to reach 1,301.8 billion dirhams by the end of June 2026, according to central bank Bank Al-Maghrib. Despite this, listed banks in Casablanca have seen their performance stagnate. The discrepancy has led Attijari Global Research analysts to lower their predictions between February and July. The article, authored by Jeune Afrique journalist Mathieu Galtier, highlights that the surge in lending has not offset losses from market-related income.