At the end of May, the total stock of housing loans increased by 950 million euros compared to April, according to the statistical note on loans and bank deposits released today.
The number of mortgage borrowers also increased in May. Central bank data reveals that at the end of May, there were 1,965,900 individuals with housing loans, up by 2,700 from February but down by 2,000 compared to the same month last year.
For all personal loans, the annual growth rate was 6.9%, amounting to 137.249 million euros, representing an increase of 1,182 million euros compared to April.
For consumer loans and loans for other purposes, the annual growth rate was similar to April, at 7.1%, reaching 31.188 million euros.
In both consumption and other purposes, the annual growth rates were 7.1%.
By the end of May, personal loans totaled 12.921 million euros, auto loans 8.678 million euros, and credit cards 3.235 million euros, with annual growth rates of 7.3%, 10.1%, and 7.5%, respectively.
The stock of business loans at the end of May stood at 73.114 million euros, 617 million euros more than in April, marking a growth of 2.7%, “the highest since June 2022.”
Microenterprises, small enterprises, and large companies maintained positive annual growth rates of 11.3%, 1.6%, and 0.4%, respectively, while medium-sized companies continued to decline at -2.8%, according to the BdP.
Credit accelerated across all aggregated activity sectors, with notable increases in commerce, transport, and accommodation, where the annual growth rate rose from 0.3% in April to 1.8%.
In construction and real estate activities, credit accelerated from 5.3% to 6.3%, and in industries and electricity, despite remaining negative, improved from -0.7% to -0.1%.
