22-05-2019 - In the 1st quarter of 2019, the defaulted loans of households and the non-financial corporations decreased. Bank deposits

In the 1^st quarter of 2019

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 1^st quarter of 2019, the balance of credit granted to non-financial corporations located in the Autonomous Region of Madeira stood at €1.646 billion. The amount of defaulted loans went down by €43 million to a total of €205 million. The default ratio of this type of corporations decreased to 12.5%, remaining 3.6 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 €2.892 billion, with the default ratio on bank loans to households decreasing to 3.4% (down by 0.2 p.p. from the previous quarter). In Portugal, the value of this ratio was 3.3%. The defaulted loans of the households residing in the Autonomous Region of Madeira stood at €98 million, down by €6 million from last December.

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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 1^stquarter 2019, up by 0.3% from the previous quarter.