Archive for the 'Mortgages' Category

Banque Centrale Populaire (BCP) profits from strong credit growth in Morocco

Moroccan lender Banque Centrale Populaire (BCP.CS) reported a 16 percent increase in 2008 net profit as it benefited from strong credit growth in the North African country, according to Reuters reports.
The banks Net income grew to 826 million dirhams ($100.4 million) from 715 million a year earlier, added the same sourcing quoting the BCP statement [...]

Morocco consumer credit is record high

Those considering buying property in Morocco could be interested to hear the high mortgage maturities and low interest rates which suggest the North African nation is in a period of affluence.
According to recent reports from Morocco’s Central Bank, the amount of mortgage loans outstanding increased by a whopping 47% through June, to 125.9 billion dirhams [...]

Amlak Finance in Morocco gives more choices in home finance

Amlak Finance, the first property financing company in the UAE, announced in May 2007 that it has sent a delegation to Morocco to initiate discussions about budding expansion plans. Amlak has seized the opportunity to take advantage of on the growth of foreign investments in Morocco. Amlak Finance’s delegation held discussions for their expansion plans [...]

Moroccan properties bang, though banks stay hang

Moroccan properties thrive leaving behind all speculation and negations. The sudden increase in demands creates new excitement among the investors, but the financial institutions are playing deaf and dumb to the changing environment.
The globalization has broken all traditional barriers of development across the globe, and Morocco does not seem an exception to this.  The effect [...]