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Home loans: 'Stock' of credit increased 4.8% and consumer credit rose 4.9% in May

29 JUNE 2022
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Bancos Destaque Notícia Homepage Empréstimo à Habitação Crédito Habitação
According to the Bank of Portugal (BdP), the 'stock' of loans to individuals for housing and consumption reached 98,700 and 20,100 million euros in May, up 4.8% and 4.9% year-on-year.
Home loans: 'Stock' of credit increased 4.8% and consumer credit rose 4.9% in May
According to the central bank's statistics on bank loans and deposits of companies and individuals, at the end of May the total amount of loans granted for housing was 98,700 million euros (up 4.8%) and consumer loans totaled 20,100 million euros (up 4.9%).

As for the 'stock' of credit to companies, at the end of the same month the total amount was 76.7 billion euros, up 2.8% compared to May 2021.

Still according to the BdP, "this growth was lower than in previous months, a trend that has been maintained since February".

The banking supervisor states that, in May, "this deceleration was more expressive in small and medium-sized companies and in companies in the accommodation and catering sector".

The responsible adds that "on the contrary, accelerated the loans granted to micro and large companies and to companies in the real estate activities sector".

Regarding deposits, at the end of May individuals deposited in resident banks 178,400 million euros, an increase of 6.8% compared to May 2021. In the case of companies, they had 63.4 billion euros in deposits, a year-on-year increase of 11.8%.

The BdP points out that the evolution of loans and deposits is measured by the annual rate of change, which means that it is calculated only on the basis of the amount of transactions.
Topics
Bancos Destaque Notícia Homepage Empréstimo à Habitação Crédito Habitação
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