Evolution of new loans

Credit institutions report monthly to Banco de Portugal information on new consumer credit agreements (covered by the consumer credit regime – Decree-Law No. 133/2009) concluded in the previous month.

On the 15th of each month or on the next business day, Banco de Portugal publishes the most recent figures available for the evolution of new consumer credit agreements. These values are provisional and subject to revision.

Number and amount of new loans

The two tables below show the number of new credit agreements and the amount of credit contracted, broken down by type of credit agreement for which the maximum consumer credit rates are determined and published quarterly by Banco de Portugal.

The most recent figures as well as those of the previous month and of the respective month in the previous year are shown. Dates refer to the month in which the agreements were concluded.


 

Number of new consumer credit agreements

Type of credit agreement Number of agreements (P)

Apr 2018

Mar 2019

Apr 2019

Apr 2019 /

Mar 2019 (%)

Apr 2019 /

Apr 2018 (%)

Personal credit For Education, Health, Renewable Energies and Financial Leasing of Equipment 1345 2331 2192 -6.0% 63.0%
Other Personal Loans (non-specific, home, consolidated and other purposes) 35661 39556 35188 -11.0% -1.3%
Car loans Financial Leasing or Long-term rental: new 997 963 864 -10.3% -13.3%
Financial Leasing or Long-term rental: used 353 398 373 -6.3% 5.7%
Subject to the retention of the ownership and others: new 4148 3736 3543 -5.2% -14.6%
Subject to the retention of the ownership and others: used 12483 11951 11813 -1.2% -5.4%
Credit cards, Credit lines, Bank credit accounts and Overdraft Facilities (1) 65823 71416 62733 -12.2% -4.7%
Total 120810 130351 116706 -10.5% -3.4%

P – Provisional figures

(1) Overdraft Facilities include only credit agreements in the form of an overdraft facility with a repayment term of more than one month.

Amount of new consumer credit agreements

Type of credit agreement Amount contracted (P) (EUR million)

Apr 2018

Mar 2019

Apr 2019

Apr 2019 /

Mar 2019 (%)

Apr 2019 /

Apr 2018 (%)

Personal credit For Education, Health, Renewable Energies and Financial Leasing of Equipment 5469 9164 7971 -13.0% 45.7%
Other Personal Loans (non-specific, home, consolidated and other purposes) 246639 276052 244112 -11.6% -1.0%
Car loans Financial Leasing or Long-term rental: new 29704 26843 24734 -7.9% -16.7%
Financial Leasing or Long-term rental: used 8270 9295 8992 -3.3% 8.7%
Subject to the retention of the ownership and others: new 59535 50709 48681 -4.0% -18.2%
Subject to the retention of the ownership and others: used 157555 151167 150996 -0.1% -4.2%
Credit cards, Credit lines, Bank credit accounts and Overdraft Facilities (1) (2) 78949 94241 78197 -17.0% -1.0%
Total 586121 617471 563683 -8.7% -3.8%

P – Provisional figures

(1) Overdraft facilities include only credit agreements in the form of an overdraft facility with a repayment term of more than one month.

(2) The amount of credit refers to the maximum amount of credit available to the customer (ceiling) and not to the amount of credit actually used.

 

Share of the number and amount of loans granted under protocol agreements

In the consumer credit market, sometimes credit is granted under protocol aggrements by a non-financial company.

Loans granted under protocol agreements are entered into between the credit institution and the consumer, but part of the cost of the credit is borne by a third party (for example, the point of sale where the consumer purchases the financed goods). The annual percentage rate of charge, which represents the cost of credit to the consumer, does not reflect the full cost of the credit in these cases.

Information about these agreements is not included in the calculation of the maximum consumer credit rates.

The tables below show the share of new loans granted under protocol agreegments by non-financial company in the total number of new agreements, in terms of the number of credit agreements and the amount of credit contracted. Dates refer to the month in which the agreements were concluded.

Share of new loans granted under protocol agreements

Type of credit agreement Number of loans granted under protocol agreements, as a percentage of the total  number of agreements (P)

Apr 2018

Mar 2019

Apr 2019

Personal credit For Education, Health, Renewable Energies and Financial Leasing of Equipment 61.3% 60.0% 64.5%
Other Personal Loans (non-specific, home, consolidated and other purposes) 7.5% 5.9% 7.6%
Car loans Financial Leasing or Long-term rental: new 43.2% 49.7% 47.5%
Financial Leasing or Long-term rental: used 27.8% 12.6% 20.1%
Subject to the retention of the ownership and others: new 10.3% 11.8% 13.5%
Subject to the retention of the ownership and others: used 9.7% 11.7% 12.1%
Credit cards, Credit lines, Bank credit accounts and Overdraft Facilities 0% 0% 0%
Total 4.7% 4.7% 5.6%

P – Provisional figures

Share of the amount of loans granted under protocol agreements

Type of credit agreement Amount of  loans granted under protocol agreements, as a percentage of the total amount contracted (P)

Apr 2018

Mar 2019

Apr 2019

Personal credit For Education, Health, Renewable Energies and Financial Leasing of Equipment 44.8% 44.7% 58.3%
Other Personal Loans (non-specific, home, consolidated and other purposes) 2.8% 2.5% 2.7%
Car loans Financial Leasing or Long-term rental: new 41.6% 47.2% 45.1%
Financial Leasing or Long-term rental: used 28.0% 10.9% 17.3%
Subject to the retention of the ownership and others: new 8.7% 8.5% 9.4%
Subject to the retention of the ownership and others: used 6.5% 7.9% 8.2%
Credit cards, Credit lines, Bank credit accounts and Overdraft Facilities 0% 0% 0%
Total 6.7% 6.6% 7.3%

P – Provisional figures