In the 3rd quarter of 2018

Defaulted loans of households 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 3rd quarter of 2018, the balance of credit granted to non-financial corporations located in the Autonomous Region of Madeira stood at €1.682 billion. The amount of defaulted loans went up by €14 million to a total of €302 million. The default ratio of this type of corporations increased to 18.0%, remaining 6.0 percentage points (p.p.) above national average.

In the household sector, the balance of credit granted in the end of the reference period amounted to €2.912 billion, with the default ratio on bank loans to households decreasing to 4.3% (down by 0.4 p.p. from the previous quarter). In Portugal, the value of this ratio was 3.9%. The defaulted loans of the households residing in the Autonomous Region of Madeira stood at €127 million, down by €10 million from last June.

 mon financ 3T 2018EN

Deposits and deposit like instruments in the local bank establishments reached a total of €4.6 billion at the end of the 3rd quarter 2018, up by 1.7% from the previous quarter.