Kingdom of Morocco in figures

GENERAL ECONOMIC DATA (2017)

    • Area : 710 850 km2
    • Population: 35 136 000
    • National currency: Dirham (MAD)
    • Exchange rate (annual average)
      • 1 dollar US = 9.826 MAD
      • 1 euro = 10.836 MAD
    • GDP (Gross domestic product): 1 016 billion MAD
    • GDP growth: 4.6%
    • Inflation: 0.7 %
    • Core inflation (excluding energy and unprocessed food prices): 1.3 %
    • Total exports FOB
: 245 milliards de dirhams
    • Total imports CAF 
: 432 milliards de dirhams
    • Labour force aged 15 and over: 11 915 000
    • Unemployment rate: 10.2 %
    • Casablanca Stock Exchange (« Bourse de Casablanca »)
      • Listed companies: 75
      • Market capitalization: 627 billion MAD
      • Trading volume: 68.7 billion MAD
    • Current account deficit of GDP: – 4.0%
    • Budget balance as % of GDP
: -3.5%

    Public debt / GDP: 64.5%

BANKING KEY FIGURES (2016)

  • Number of credit institutions and similar entities: 83
    • Banks 
: 19
    • Finance companies 
: 33, including 6 leasing companies
    • Offshore banks
: 6
    • Microcredit associations 
: 13
    • Payment institutions (Funds transfer companies) 
: 10
    • Other institutions 
: 2
  • Network: 

    • In Morocco:6 283 branches, or 5 400 inhabitants per branch.
      6 821 automated teller machines
    • Abroad: 44 subsidiaries and 18 branches with about 1 400 banking agencies
  • Staff of credit institutions and similar entities: 53 801
  • Bank credit to the economy  : 1 billion MAD
  • Money Supply (M3): 1 202 billion MAD

LEASING KEY DATES

LEASING KEY DATES 

  • 1965 : Introduction of leasing
  • 1970s to 1990s
    • New companies enter the market  (1972-1999) and realisation of the first operation of real estate leasing 
(1992)
    • Integration of leasing in the banking law (July 1993) and in the Commercial Code (august 1996)
  • 2000s
    • new banking laws (February 2006 and December 2014)
    • review of tax incentives applied to leasing operations (2007 to 2010)
  • LEASING COMPANIES’ STATUS
    • Leasing companies are classified as credit institutions, and more specifically as finance companies. They are governed by provisions of banking law.
  • KEY FIGURES (2016)
    • Number of leasing companies: 6 (all subsidiaries of banks)
    • Staff of leasing companies: 422
    • Global funding of the year: 14 billion MAD
    • Outstanding net balance of equipment financed by leasing: 43 billion MAD
    • Total assets of leasing companies: 45.4 billion MAD
  • PROFESSIONAL ORGANISATION
    • Under the banking law, leasing companies are required to adhere to APSF (Association Profesionnelle des Sociétés de Financement) which was hitself created by the 1993’s banking law and confirmed by the 2006 and 2014’s banking law).