In the 1st quarter of 2015

Balance of both loans and deposits maintained a downward trend; compared to the last quarter, the default ratio of non-financial corporations dropped but increased in households  

According to the data provided by the Bank of Portugal, the balance of loans granted to non-financial corporations located in the Autonomous Region of Madeira reached €3.0 billion in the end of the 1st quarter 2015. The default ratio of this type of corporations stood at 19.1%, 3.5 percentage points (p.p.) higher than the country’s average.

In the household sector, the balance of credit granted in the end of the reference period amounted to €3.2 billion, with the default ratio on bank loans to households increasing to an historical maximum of 6.1% (1.1 p.p. higher than in Portugal).

The loans in default generated by non-financial corporations amounted to €577 million, while the households are responsible for €195 million.

Compared to the previous quarter, the number of borrowers in the households of the Autonomous Region of Madeira dropped by 0.2% to a total of 103,498. The percentage of borrowers with overdue loans was 15.9%.

Deposits and deposit like instruments in the local bank establishments reached a total of €5.2 billion in the end of the 1st quarter of 2015, 1.1% lower than a year before and 0.3% lower than at the end of December.

Back

• Prev
• Next