FINANCIAL MARKET HEADLINES
| MOROCCO | MAROC TELECOM | Adjusted NIGS almost stable in 2020, DPS set at MAD 4.01
|
Indicators (MAD Mn) |
2019 |
2020 |
Change |
|
Revenue |
36 517 |
36 769 |
0,7% |
|
EBE ajusté |
18 922 |
19 100 |
0,9% |
|
Adjusted EBITDA |
51,8% |
51,9% |
+0,1 pts |
|
Adjusted NIGS |
6 029 |
6 001 |
-0,5% |
|
Net margin |
16,5% |
16,3% |
-0,2 pts |
|
Reported NIGS |
2 726 |
5 423 |
+2697 MDH |
|
DPS (MAD) |
5,54 |
4,01 |
-27,6% |
ECONOMIC HEADLINES
| MOROCCO | LENDING RATES | The weighted average rate down 46 BPS in 2020
According to the results of Bank Al-Maghrib's survey on lending rates in Q4 2020, the overall weighted average rate increased by 8 BPS to 4.42%. In this context, interest rates rose by 13 BPS to 4.12% for treasury loans, and by 12 BPS to 4.91% for mortgage loans. In contrast, they fell by 28 BPS to 4.21% for equipment loans and by 6 BPS to 6.40% for consumer loans.
In 2020, the average global lending rate stands at 4.53%, down 46 BPS compared to 2019.
| SENEGAL | FOREIGN TRADE | Reduction of the trade deficit in 2020
According to the National Agency for Statistics and Demography, Senegal's exports stood at FCFA 154.4 Bn in December 2020, down 5.6% from the previous month. Similarly, imports fell by 6.0% during the same period to FCFA 356.0 Bn. In this context, the trade deficit stands at FCFA -201.6 Bn against FCFA -215.1 Bn a month earlier. The cumulative balance, at the end of December 2020, improved to stand at FCFA -2.173.9 Bn against FCFA -2.244.2 Bn during the same period in 2019.
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