In the 2nd quarter of 2019
Default ratios of the non-financial corporations and households decreased, while bank deposits increased year-on-year
According to the data released by the Bank of Portugal, at the end of the 2nd quarter of 2019, the balance of credit granted to non-financial corporations located in the Autonomous Region of Madeira stood at €1.6 billion. The default ratio of this type of corporations dropped to 12.4%, although 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 €2.9 billion, with the default ratio on bank loans to households decreasing to 3.2% (down by 0.2 p.p. from the previous quarter). In Portugal, the value of this ratio was 3.2%.
The defaulted loans associated to non-financial corporations amounted to €200.0 million, while the households were responsible for €94.0 million.
Deposits and deposit like instruments in the local bank establishments reached a total of €4.6 billion at the end of the 2nd quarter 2019, down by €10 million from the previous quarter, and up by €118 million from the end of June 2018.