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New real estate loan offers in the making at CIH Bank

Faced with the disaster situation in real estate, Moulay M’Hammed Dounia calls for state intervention through the activation of a number of mechanisms such as exemption from registration fees.

The machine for creating new products dedicated to real estate continues to turn at CIH Bank despite the crisis. The bank is indeed on a self-construction financing solution project. The product, the details of which will be revealed soon, was designed following a rise in demand for this type of credit. CIH Bank is also working on a platform for the digitization of mortgage loans.

The CIH Bank group is working on new credit offers dedicated to the real estate sector. The bank is indeed on a project to develop a financing solution for self-construction. “We are indeed seeing an increase in the demand for funding for this type of project. More and more households are acquiring lots of land that they want to build themselves. A need that CIH Bank intends to address by offering a suitable offer on the market”, announces Moulay M’Hamed Dounia, director of development of the retail market at CIH Bank, who was the guest of Info en Face during the Smap show. Immo which was held from June 24 to 26 in Paris.

Similarly, the bank is in the process of making the final touches to a platform project for the digitization of mortgage loans. Dounia affirms that announcements in this direction will have to be made by the banking establishment in the coming days. The bank manager also ensures that despite the crisis in the real estate sector, the bank is continuing its credit distribution process normally. “As a bank, we are listening to promoters by providing the necessary flexibility on a case-by-case basis, because there is no miracle solution valid for everyone. The profile of promoters is not the same. With the difficulties that the sector is experiencing today, CIH Bank is not reticent about the distribution of loans. We analyze the risks and the projects that hold water are financed without problem,” assures Dounia.

According to him, within CIH Bank, the crisis in the real estate sector is viewed from two angles: supply and demand. “Indeed, on the supply side, we are seeing a slowdown in a number of projects due to inflation affecting the price of building materials. On the demand side, we are seeing a decline,” he said. The official believes that the slowdown in real estate projects is not only due to inflation. “I must recall in this sense that in 2021, which was an election year, upheavals had taken place at the level of local communities. As a result, building permits and residence permits were not issued on time. The delay is thus a quarter or even more in some cases. So this is a very important element to take into consideration in explaining the slowdowns in projects today,” explains the banker. Faced with the disaster situation experienced by real estate, Dounia calls for state intervention.

The latter, underlines Dounia, has the possibility of activating a certain number of mechanisms in order to support demand and revive the sector. “The State could very well reactivate the exemption from registration fees as it did in 2020. It can also make the administrative processes for issuing building permits more flexible and rethink the model of tax incentives for the sector. . Which could breathe new life into these tough times,” he suggests. The latter also recalls that the two years of health crisis have had a strong impact on the national and global economy. However, he says, the Kingdom’s economy has developed a certain resilience. Thus, even if growth was not there, the credit dynamic was not really unhooked. The proof, according to him, is that today the banks diffuse credits even if they did not reach the proposed objectives.

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