In the 4th quarter of 2017

Defaulted loans of household and the non-financial corporations show differing trends. Bank deposits increased

According to the data released by the Bank of Portugal, at the end of the 4th quarter of 2017, the balance of credit granted to non-financial corporations located in the Autonomous Region of Madeira stood at €1.706 billion. The amount of defaulted loans went up by €4 million to a total of €308 million. The default ratio of this type of corporations increased to 18.0%, remaining 4.5 percentage points (p.p.) above national average.

In the household sector, the balance of credit granted at the end of the reference period amounted to €2.920 billion, with the default ratio on bank loans to households decreasing to 5.0% (down by 0.2 p.p. from the previous quarter). In Portugal, the value of this ratio was 4.2%. The defaulted loans of the households residing in the Autonomous Region of Madeira stood at €145 million, down by €8 million from last September.

monetaria 4T2017 ENG

Deposits and deposit like instruments in the local bank establishments reached a total of €6.8 billion at the end of the 4th quarter 2017, up by 0.4% from the previous quarter.

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