In the 2nd quarter of 2017
Default ratios of the non-financial corporations and households decreased. Bank deposits dropped
According to the data released by the Bank of Portugal, at the end of the 2nd quarter of 2017, the balance of credit granted to non-financial corporations located in the Autonomous Region of Madeira stood at €1.8 billion. The default ratio of this type of corporations dropped to 18.0%, although remaining 3.1 percentage points (p.p.) above national average.
In the household sector, the balance of credit granted in the end of the reference period amounted to €2.9 billion, with the default ratio on bank loans to households decreasing to 5.3% (down by 0.5 p.p. from the previous quarter). In Portugal, the value of this ratio was 4.6%.
The default loans generated by non-financial corporations amounted to €320.0 million, while the households were responsible for €157.0 million.
Deposits and deposit like instruments in the local bank establishments of private individuals (including emigrants) reached a total of €3.5 billion at the end of the 2nd quarter 2017, dropping by €22 million from the previous quarter, and decreasing by €30 million from the end of June 2016.