In the 3rd quarter of 2017
Defaulted loans of household and non-financial corporations dropped from the previous quarter. Bank deposits increased
According to the data released by the Bank of Portugal, at the end of the 3rd quarter of 2017, the balance of credit granted to non-financial corporations located in the Autonomous Region of Madeira stood at €1.771 billion. The amount of defaulted loans dropped by €6 million to a total of €314 million. The default ratio of this type of corporations decreased to 17.7%, remaining 3.2 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 €2.932 billion, with the default ratio on bank loans to households decreasing to 5.2% (down by 0.1 p.p. from the previous quarter). In Portugal, the value of this ratio was 4.4%. The defaulted loans of the households residing in the Autonomous Region of Madeira stood at €153 million, down by €4 million from last June.
Deposits and deposit like instruments in the local bank establishments reached a total of €6.8 billion at the end of the 3rd quarter 2017, up by 0.5% from the previous quarter.