Important:  Please notice that the Bank of Portugal has revised the data for the previous periods, due to methodological changes. For more information on this please click here.

In the 3rd quarter of 2014

Default ratios of non-financial corporations and households showed different trends; Deposits decreased compared to the previous quarter

According to the data provided by the Bank of Portugal, the balance of credit granted to non-financial corporations located in the Autonomous Region of Madeira reached €3.2 billion in the end of the 3^rd quarter. The default ratio of this type of corporations stood at 18.5%, 3.8 percentage points (p.p.) higher than in the country.

In the household sector, the balance of credit granted in the end of the reference period amounted to €3.3 billion, with the default ratio on bank loans to households increasing to an historical record of 5.7% (0.8 p.p. higher than in Portugal).

The loans in default generated by non-financial corporations amount to €596.8 million, while the households are responsible for €185.9 million.

Compared to  the previous quarter, the number of borrowers in the households of the Autonomous Region of Madeira increased by 0.2%  to a total of 104,209.

Deposits and deposit like instruments in the local bank establishments reached a total of €5.2 billion in the end of the 3rd quarter, 4.5% lower than a year before and 0.5% lower than at the end of June of 2014.

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