Doha -Tamwilcom, the financial institution of Morocco, provided strong financial results in 2024 and mobilized the total financing of MAD 47.5 billion (4.75 billion US dollars) in 82,200 business activities, with the obligations reaching 28 billion (2.8 billion US dollar).
The organization exceeded its budget goals from 2024 by 109% and achieved growth of 6% compared to the previous year, with the exception of guarantees for public companies. These results date from the 10th board meeting of the institution, which recently took place in Rabat.
Companies of the private sector received 94% of the financing of Tamwilcom SupportWith a clear focus on micro, small and medium-sized companies (MSMES).
Through its generic guarantee, Tamwilcom made it easier for KKMES to support KKMES, which was supported by MAD 23.4 billion (2.34 billion US dollars), which corresponds to an increase of 8% compared to the previous year.
Especially micro and very small companies receive 89% of the guarantee activity.
The Islamic financial window of the institution, Daama Tamwil, continued its upward path with growth of 15% in 2024 and marked a further year of double -digit growth.
It covered MAD 681 million ($ 68.1 million) in the participatory bank financing, which was supported by MAD 379 million (USD 37.9 million).
At his board meeting under the chair of the Finance Minister for Economics and Financing Nadia Fettah, the annual financial statements of Tamwilcom showed a net bank business of MAD 807 million ($ 80.7 million) for the financial year ending on December 31, 2024 and a net profit of MAD 386 million (USD 38.6 million).
Tamwilcom is a state property The public financial institution is regulated by the banking law in Morocco.
As the sole representative of public funding, he builds up at his historical foundation as Central Guarantee Fund (CCG) to improve financing access for SMEs.
With over 70 years of history since its foundation of 1949, Tamwilcom has worked together with the partners of the financial sector to support Moroccan companies with tailor -made financing mechanisms.
In 2020 it turned into a publicly limited company as part of Law 36.20 and became a national society for guarantee and business financing (SNGFE).
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