Consumer credit rises 14% - BoP

By TPN/Lusa, in News · 11-12-2018 16:30:00 · 0 Comments
Consumer credit rises 14% - BoP

Banks in Portugal lent €397 million in new consumer credit in October, with the total amount since January rising to €3.88 billion, 14% more than in 2017, the Bank of Portugal revealed on Tuesday.

According to figures made available by the Bank of Portugal, in October banks provided consumer loans worth €397 million, more than the €353 million provided in September and above the €390 million provided in October 2017, despite several warnings from the central bank which pointed to a risk of over-indebtedness among families.

In the first ten months of 2018, the total amount of new consumer loans provided to families rose 14% year-on-year, from €3.40 million in 2017 to €3.88 billion this year.

Portugal's central bank also revealed that banks lent €811 million to families for home loans in October, more than the €790 million lent in September, €810 million in August or the €706 million in October 2017.


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