In the 1st quarter of 2016
Balance of loans and deposits maintained a downward trend; overdue loan ratios of non-financial corporations increased
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 €2.2 billion in the end of the 1st quarter of 2016. The default ratio of this type of corporations stood at 21.4%, 5.0 percentage points (p.p.) above the country’s average. 38.0% of the corporations headquartered in Madeira had overdue loans, a percentage which was above national average (29.7%)
At the end of the reference period, the balance of credit granted in the household sector amounted to €3.1 billion, with the default ratio on bank loans to the Region’s households remaining at 5.7% (0.6 p.p. above Portugal). The ratio of households with defaulted loans was higher in Madeira (15.1%) than in Portugal (14.4%).
The loans in default generated by non-financial corporations amounted to €478 million, while the households are responsible for €177 million.
Deposits and deposit like instruments in the local bank establishments reached a total of €4.9 billion at the end of the 1st quarter of 2016, down by 6.0% from a year before and down by 0.4% from the end of 2015.
