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Statistical Press Release - Loans granted by the financial sector - October 2018

Today, Banco de Portugal publishes statistics, in Table A.11 of the Statistical Bulletin and in BPstat, on loans granted by the resident financial sector to non-financial corporations and households for October 2018.

Loans granted to non-financial corporations

In October 2018 the annual rate of change (a.r.) of loans granted to non-financial corporations was -1.2%. This represents a decrease of 0.5 percentage points (p.p.) from the previous month (Chart 1).

Private exporting companies recorded an a.r. of -0.7%, reflecting a -0.2 p.p. change from September.

The ratio of overdue loans of non-financial corporations stood at 11.6%, 0.7 p.p. less than in the previous month. The share of borrowers in default decreased by 0.1 p.p., to 22.5%.

Loans granted to households

The a.r. of loans granted to households stood at 0.8%, 0.1 p.p. up from September (Chart 2). By purpose, the a.r. of loans for house purchase remained unchanged at -0.9% when compared with the previous month. The a.r. of loans for consumption and other purposes increased by 0.1 p.p. to 7.4%.

The ratio of overdue loans to households remained unchanged from September at 3.8%. However, the share of borrowers with overdue loans increased by 0.3 p.p. from the previous month to 11.3%.

Next update: 4 Jan. 2019