Statistical Press Release – Banking loans and deposits – March 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 March 2020.
Loans
In March 2020 loans granted by banks to non-financial corporations posted an annual rate of change (a.r.) of 1.7%, compared with 0.0% in February (Chart 1). Private exporting companies recorded an a.r. of 0.3%, a 0.5 percentage points (p.p.) increase from the previous month.
The a.r. on loans to households for house purchase stood at 1.3%, a 0.1 p.p. increase from the previous month (Chart 2). Loans to households for consumption posted an a.r. of 7.1 %, 1.2 p.p. less than in February (Chart 2).
For the euro area as a whole, the a.r. on loans to non-financial corporations stood at 4.8%, a 2.4 p.p. increase from the previous month. The a.r. on loans to households for house purchase and consumption stood at 4.0% and 4.2%, compared to 4.3% and 6.1% respectively from February.
Household deposits
Household deposits with resident banks totalled €152.2 billion at the end of March. The a.r. stood at 5.0%, a 1.1 p.p. increase from February (Chart 3).
In the euro area, the a.r. on household deposits was 5.1% in March, down from 5.2% in the previous month.
Next update: 29 May 2020
As of the next publication, the cut-off date for statistics on banking loans and deposits of non-financial corporations and households will be brought forward by approximately ten working days. The aim is for these statistics’ users to have faster access to relevant information on the financial sector.
