he Fonds d’Equipement Communal (FEC), the bank of Morocco’s local authorities, disbursed 2,908 million dirhams in loans in the first nine months of 2026, against 1,805 million a year earlier, according to indicators released on November 12.
Its loan commitments reached 2,870 million dirhams, against 2,708 million. They mainly fund an investment program in urban and intercity mobility, and regional councils account for more than 76% of them, and for more than 88% of disbursements.
Loans to customers rose by nearly 5% over a year, to 28,108 million dirhams. Net banking income held steady at 490 million dirhams, as growth in lending offset lower rates charged to local authorities since January 1, 2025.
In July, the FEC signed a second loan of 150 million euros with the African Development Bank, after a first one of 100 million euros in March 2024. Its regulatory capital stands at 6,839 million dirhams.
Photo: CAPTAIN RAJU, CC0.
Fonds d’Équipement Communal - Communiqué de presse, indicateurs financiers au titre du 3ème trimestre 2026
