Statistical Press Release – Banking loans and deposits – September 2019
In September 2019 loans granted by banks to non-financial corporations posted an annual rate of change (a.r.) of 1.0%, unchanged from the previous month (Chart 1). Private exporting companies recorded an a.r. of 0.2%, i.e. a 0.2 percentage point (p.p.) increase from August.
The a.r. on loans to households for house purchase stood at 0.7%, corresponding to a decrease of 0.1 p.p. from the previous month (Chart 2). Loans to households for consumption posted an a.r. of 7.2%, compared to 7.1% in August (Chart 2).
For the euro area as a whole, the a.r. on loans to non-financial corporations stood at 2.9%, after standing at 3.5% in August. The a.r. on loans to households for house purchase and consumption stood at 3.6% and 6.2%, compared to 3.6% and 6.0% respectively in August.
As of this publication, the annual rates of change published in Table A.9 of the Statistical Bulletin are no longer adjusted for securitisation operations where loans are removed from banks' balance sheet1.
Household deposits with resident banks totalled €148.0 billion at the end of September 2019. The a.r. stood at 4.1%, 0.1 p.p. less than in August (Chart 3).
In the euro area, the a.r. on household deposits was 5.5% in September, down from 5.7% in the previous month.
Next update: 10 Dec. 2019
1 Banco de Portugal publishes in the new BPstat, under ‘Monetary financial institutions balance sheet statistics’, the annual rates of change adjusted for derecognised securitisation operations (where loans are removed from banks' balance sheet ) and loan portfolio sales.