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Finance

Morocco: Securities loans issued over Q2 2017 soared 104% compared to Q1 2017

Thursday, 14 September 2017 17:14

(Ecofin Agency) - Over the second quarter of 2017, Morocco has borrowed a total of 152 billion dirham ($16.2bn) of securities, up 104% compared to 74.1 billion dirham in the previous quarter. This was disclosed by a statement from the Moroccan Authority for Capital Markets.

80% of Securities borrowed in Q2 2017 were bonds from Morocco’s public treasury. Certificates of deposit, bonds, and equity loans represented respectively 9%, 8% and 1.2% of overall loans. The main beneficiaries of the securities were banks (71%) and financial auxiliaries (15%).

It should be noted that the increase in borrowing came with a decrease of the average duration of the transaction for securities loans, for treasury bills mostly. Indeed, it reduced, over the quarter reviewed, from 5 to 2 weeks.

Chamberline Moko





 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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