The ‘stock’ of mortgage loans reached 100,200 million euros in November, a record since May 2015, and the ‘stock’ of consumer credit reached all-time highs, according to data from the Bank of Portugal.
According to information released by the banking regulator and supervisor, at the end of November the ‘stock’ of credit for home purchase granted by banks to private customers was 100.2 billion euros. According to the BOP series, this value is the highest since the end of May 2015.
The ‘stock’ of housing loans that were granted in November represented just 0.12% more than in October and 3.76 more compared to November 2021.
As for consumer loans, the ‘stock’ totaled 20,700 million euros in November, 0.10% more than in October and 5.8% compared to November 2021.
The 20,700 million euros that the banks had lent for consumption in November represent, according to the series of the Bank of Portugal, highest value ever.
Regarding bank loans to companies, in November, the ‘stock’ was 75,900 million euros, a slight decrease of 0.3% compared to October and -0.12% compared to November 2021.
Finally, in terms of deposits, at the end of November 2022, individual customer deposits amounted to 182,300 million euros and business deposits to 64,800 million euros.
Deposits from individuals increased 0.10% compared to October and 6% compared to November 2021. Deposits from companies decreased 0.49% compared to October and increased 7.85% compared to November 2021.
Source: Observadora
