Central bank. Family borrowing back up in May
According to the BdP, bank loans to individuals amounted to €122.188 billion at the end of last May, up from €121.748 billion the previous month and €118.834 billion in May 2020.
Total loans to households increased again in May, to just under €122 billion, according to data released today by the Bando de Portugal (BdP).
According to the BdP, bank loans to individuals amounted to €122.188 billion at the end of last May, up from €121.748 billion the previous month and €118.834 billion in May 2020.
In households, housing loans stand out, which continued the upward trajectory recorded since December 2019, adding up to €96.666 billion, which compares with €96.291 billion in April and €93.459 billion year-on-year.
In May, the annual rate of change in loans to individuals for housing purposes was 3.5%, reflecting an increase of 0.2 percentage points in April.
As for consumer loans, the annual rate of change rose 0.7 percentage points over the previous month to 1.0%. The total amount of consumer credit stood at €18.921 billion, up from €18.55 billion in April and €18.861 billion in May 2020.
