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Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

Growth in private deposits slows for the 8th month

In May, the annual variation rate, which excludes fluctuations not caused by actual transactions, was 5.6%.

Month-on-month, the stock of household deposits in June increased by 1.74 billion euros.

This rise was supported by increases of 1.5 billion euros in demand deposits (almost entirely comprised of current account deposits) and 240 million euros in term deposits (which include fixed-term deposits and notice deposits).

The stock of corporate deposits in resident banks at the end of June was approximately 70.322 billion euros, 274 million less than at the end of May.

Compared to June 2024, the growth rate was 6.7%, lower than the 7.1% recorded in May, but still above the euro area average.

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