Having left Morocco at 17 without being able to obtain a student loan in the United Kingdom, Ismail El Yacoubi made numerous sacrifices to fund his studies. At 26, his investment and pension portfolio is worth approximately €138,000.
A foreigner or an MRE investing in Morocco can freely repatriate the proceeds from a resale, subject to one decisive condition: proving that the transaction was financed in foreign currency. An improperly routed payment can cause this guarantee to be lost.
A new scheme is expected to enable 4,000 beneficiaries of transfers sent by MREs to access credit more easily. Their history of receiving money will be incorporated into an assessment method developed by Damane Cash and Salafin.
The Crédit Agricole group is preparing to sell Unifitel, its customer relations center based in Casablanca. Majorel Africa, a subsidiary of Teleperformance, is set to acquire 100% of its capital and voting rights.
In Tangier and Ksar El-Kébir, households excluded from bank credit are turning to a parallel market. For 10,000 dirhams obtained immediately, some have to repay as much as 12,000 dirhams within a few months. The authorities are beginning to gather information.
Civil servants are the most indebted category of borrowers in Morocco. On average, 44% of their income goes toward repaying loans, compared with 34% among private-sector employees. However, this figure concerns people who took out or renewed a loan in 2025.
Bank Al-Maghrib handled 3,591 complaints from customers of credit institutions in 2025, compared with 2,298 a year earlier. This 56% increase was accompanied by a sharp decline in decisions favorable to complainants, which fell from 74% to 51%.
A €60 million project backed by IFC and Germany’s EOS is targeting Morocco’s non-performing loan market. The official disclosure also mentions real estate assets already held by financial institutions.
Moroccans residing abroad have never contributed so much to the Moroccan economy. Their transfers are continuing to accelerate in 2026. But this strength also creates a vulnerability: a large share of this money comes from Europe, where new banking rules are now forcing Rabat to negotiate in order to preserve these flows.
At Essaouira, an affordable and social housing project launched in 2009 for around 400 families is facing a new development. Several apartments from its first phase have just been subject to a court-ordered seizure over a debt exceeding 25 million dirhams.
Moroccans living abroad hold 222.8 billion dirhams in the Kingdom’s banks. Yet, of nearly 40 million bank accounts, only 0.3% are directly denominated in euros, dollars or other foreign currencies.
The minimum rate paid on savings accounts in Morocco will increase in the second half of 2026. It will rise from 1.61% to 1.82%, according to the latest indicators from Bank Al-Maghrib.