Loans reach maximum value in 12 years

The total amount of loans rose about 4.7% in January to 133,199.5 million euros, a maximum since March 2013. Deposits rose 6.8% in the same period.

According to the Banco de Portugal (BDP) data on Thursday, at the end of January there were 133,199.5 million euros borrowed to individuals, which represented an annual rate of variation of 4.7%.

According to the Central Bank, the monthly climb was 421 million euros, 415 million of which for housing credit and six million euros for consumption loans.

In late January, the housing loan stock totaled 102,798 million euros and consumer credit amount and other purposes totaled 30,401.4 million euros. The respective TVA is 4.1% and 7.3%.

At the end of the first month of 2025, personal credit totaled 12,588.7 million euros (7.3%), motor credit 8,421.2 million euros (10.1%) and credit cards and other euros 3,189.9 million (8%).

For companies, the stock was 72,788.6 million euros, 281 million euros than in December and a 1.3%TVA.

Dimension, microenterprises and large companies had a positive TVA of 7.3% and 2.8%, respectively, while small and medium companies registered negative rates of 0.5% and 4.8%.

As for deposits, Stock in late January was 192,553.5 million euros, less 117 million euros than in December, but enough for a 6.8%TVA. Although positive, it is in the third consecutive month to go down.

The BDP attributed the variation compared to the last month of 2024 to the “decrease of 153 million euros of responsibilities in sight (constituted almost full by deposits to the order), offset by the increase of 35 million euros of time deposits (including deposits with agreed deadline and pre-warning deposits).

Among the companies, the volume of deposits in resident banks was, at the end of January, of 68,374.8 million euros, the equivalent of an TVA of 8.7%, despite the decrease of 1.023 million euros compared to December.