Proportion of non-performing loans improves at a gentle rate
Banks gave loans of 194.333 billion euros and 16.6 billion euros of this was considered to be overdue, reveals the Bank of Portugal.
Non-performing loans in Portugal dropped back to 16.6 billion euros last December, the equivalent of 8.55% of all the money lent by banks, the Bank of Portugal (BdP) said on Tuesday.
The central bank’s numbers showed that banks had given loans of 194.333 billion euros and that 16.6 billion euros of this was considered to be overdue.
Since August, when the amount of non-performing loans was 18 billion euros, or 9.16% of the 196.78 billion euros in overall loans, the figures have been improving to end the year at under 9%.
The reduction was mainly due to a drop of loans to companies since non-performing company loans were running at about 15.69%, while non-performing family loans were just about 3.86%.
