In August, the housing loan stock reached EUR 119,062 million, equivalent to an annual variation rate of 11.2%, the highest since February 2003, the Banco de Portugal (BdP) released today.
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25/09/2026
by
Lusa
Nthe total is eur 11,951 million more in housing loans than one year earlier and eur 1,038 million more than in july, according to the regulator's data.
The annual rate of change in this type of loans was higher than that recorded for the total amount of loans granted to private individuals, which varied annually from 10.8% (10.6% in July) to 154,894 million euro.
For consumption and other purposes, the value at the end of August totalled EUR 35,833 million, a chain increase of EUR 334 million and an annual variation rate of 9.8% (above 9.3% of July).
Among the companies, the ‘stock’ of loans amounted to EUR 77,364 million, a decrease of EUR 621 million compared to July and an annual change rate of 5.8%, below 6.2% in the previous month.
According to the BdP, loans slowed down from July to July in micro-enterprises, small businesses and large companies, which had decelerations from 12.5% to 11.8%, from 7.4% to 6.5% and from 0.8% to 0.2%.
In medium-sized enterprises, the annual variation rate increased from 2.5% in July to 2.8% in August.
The BdP notes that loans to the construction sector and real estate activities grew, in annual terms, 11.2%, by a deceleration of 0.8 percentage points compared to July.
The central bank also indicates that in the sectors of trade, transport and accommodation the annual rate of variation fell to 4.5%, compared to 5.0% in the previous month, partly due to decelerations in the accommodation and catering sectors (from 5.3% to 5.0%) and trade (from 6.7% to 5.6%).
Credit to the transport and storage sector, for the first time since November 2021, had a positive annual variation rate of 0.1%.
The industry and electricity sector showed an annual variation rate of 1.5%, after 2.3% in July.
As for deposits, the ‘stock’ of private individuals in August fell by EUR 2,599 million from July and reached EUR 204.182 million, reaching an annual rate of change of 3.7% (less than 4.5% in July).
In particular, the fall in the chain contributed to the decrease of EUR 2,252 million in spot liabilities, while forward deposits had a reduction of EUR 347 million.
Conversely, the ‘stock’ of companies in resident banks has risen by €2,863 million in chain to €81,393 million, while the annual rate of change is 11.5%.