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Statistical Press Release – Banking loans and deposits – August 2020

Today, Banco de Portugal publishes statistics, in Table A.9 and in BPstat, on banking loans and deposits of non-financial corporations and households for August 2020.

Loans

In August 2020 loans granted by banks to non-financial corporations posted an annual rate of change (a.r.) of 7.8%, a 0.6 p.p. increase from the previous month (Chart 1). This evolution is mainly justified by micro-enterprises, whose a.r. rose by 1.2 p.p., to stand at 14.8%.

The a.r. on loans to households for house purchase stood at 1.8%, unchanged from July (Chart 2). Loans to households for consumption posted an a.r. of 3.6%, 0.2 p.p. less than in the previous month (Chart 2).

Household deposits

Household deposits with resident banks totalled €158.0 billion at the end of August. The a.r. stood at 6.8%, a 0.1 p.p. increase from July (Chart 3).

Next update: 27 Oct. 2020