In the 2^nd quarter of 2020

Balance of credit granted to non-financial corporations increased while the default ratio decreased

According to the data released by the Bank of Portugal, at the end of the 2^nd quarter of 2020, the balance of credit granted to non-financial corporations located in the Autonomous Region of Madeira stood at 1,870.8 million euros. The default ratio of this type of corporations dropped to 5.7%, although remaining 1.6 percentage points (p.p.) above national average.

In the household and Non Profit Institutions Serving Households (NPISH) sectors, the balance of credit granted at the end of the reference period amounted to 3,176.3 million euros last June, down by 5.9% from the end of the same month in the previous year. 65.9% of the balance of credit granted relates to the “housing” segment and the remaining 34.1% to “consumption and other purposes".

Overdue loans in the housing segment did not exceed 17.3 million euros, representing a ratio of overdue loan ratio of 0.8%, just 0.1 p.p. above the national value. Compared to June 2019 this ratio dropped by 0.8 p.p. in the Region.

Household and NPISH debtors amounted to 100.5 thousand as of March 2020, 43.5 thousand associated with the “housing” segment and 83.8 thousand with “consumptions and other purposes”.

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