By the end of June, a month marked by continued acceleration in housing loans, the stock of these credits had increased by 1,525 million euros compared to May.
The total amount of loans to individuals saw a 7.4% increase in June compared to the same month of the previous year, marking the highest annual growth rate since August 2008, totaling 138,974 million euros, up by 1,760 million euros from May.
Consumer loans and other purposes increased by 235 million euros from May, reaching 32,652 million euros, and rose by 7.9% year-on-year, at a faster pace than the previous month’s 7.6%.
The BdP detailed that the annual growth rate was 7.4% for consumer loans and 8.6% for other purposes loans.
By the end of June, the stock of personal credit amounted to 12,986 million euros, 70 million more than in May, corresponding to a year-on-year growth of 7.3%, identical to the previous month.
Automobile credit totaled 8,745 million euros, up by 68 million euros from May, with an annual growth rate of 10.1%, also identical to the previous month, while credit card debt reached nearly 3,288 million euros, an increase of 52 million euros and an annual growth rate of 9.0% (compared to 7.5% in May).
The stock of credit to companies amounted to 73,160 million euros at the end of June, 1,082 million euros more than in May, registering an annual growth of 3.6%, “the highest since January 2022 and, for the second consecutive month, above the euro area average”.
Micro, small, and large companies maintained positive annual growth rates (12.7%, 2%, and 1% respectively), while medium-sized companies continued to show a negative rate (-2.1%), according to the BdP.
Credit accelerated in the sectors of industry and electricity, which achieved a positive annual growth rate in June (1.5%), and construction and real estate activities, where the annual growth rate increased from 6.3% in May to 7.1%.
In commerce, transport, and accommodation, the annual growth rate was 1.8% (compared to 1.9% in May).
The central bank noted diverse behavior within this segment: credit in accommodation and restaurants grew by 3.3% year-on-year (up from 2.7% in May), while credit to the transport and storage sector decreased annually by -2.9%.
