In the 1st quarter of 2019
Defaulted loans of households and the non-financial corporations decreased. Bank deposits increased
According to the data released by the Bank of Portugal, at the end of the 1st quarter of 2019, the balance of credit granted to non-financial corporations located in the Autonomous Region of Madeira stood at €1.646 billion. The amount of defaulted loans went down by €43 million to a total of €205 million. The default ratio of this type of corporations decreased to 12.5%, remaining 3.6 percentage points (p.p.) above national average.
In the household sector, the balance of credit granted at the end of the reference period amounted to €2.892 billion, with the default ratio on bank loans to households decreasing to 3.4% (down by 0.2 p.p. from the previous quarter). In Portugal, the value of this ratio was 3.3%. The defaulted loans of the households residing in the Autonomous Region of Madeira stood at €98 million, down by €6 million from last December.
Deposits and deposit like instruments in the local bank establishments reached a total of €4.6 billion at the end of the 1st quarter 2019, up by 0.3% from the previous quarter.