In the 4th quarter of 2018

Defaulted loans of households and the non-financial corporations decreased. Bank deposits increased

According to the data released by the Bank of Portugal, at the end of the 4th 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 down by €52 million to a total of €248 million. The default ratio of this type of corporations decreased to 14.8%, remaining 5.4 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 €2.890 billion, with the default ratio on bank loans to households decreasing to 3.6% (down by 0.8 p.p. from the previous quarter). In Portugal, the value of this ratio was 3.4%. The defaulted loans of the households residing in the Autonomous Region of Madeira stood at €104 million, down by €24 million from last September.

It should be noted that the improvement in overdue credit indicators is largely explained  by sales of credit portfolios in December, related to non-financial corporations and households. This led to a decrease in the amount of defaulted loans and also in the national and regional ratios of overdue loans.

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Deposits and deposit like instruments in the local bank establishments reached a total of €4.6 billion at the end of the 4th quarter 2018, up by 0.8% from the previous quarter.

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