The Bank of Portugal published a 2024 statistical note on the aggregate balance sheet of resident banks in Portugal, including transactions between banks as well as with other sectors. It reports total assets and liabilities of EUR 481.2bn at end-2024, up EUR 18.2bn from end-2023, with the increase mainly explained by a larger debt securities portfolio and higher deposits. Loans and debt securities remained the largest asset items, representing 61% (EUR 294.3bn) and 31% (EUR 151.0bn) of total assets at end-2024. Debt securities in banks’ portfolios rose by EUR 21.4bn, while acquisition of debt securities, notably commercial paper and bonds, increased by EUR 18.2bn, the largest annual change since 2010, including higher holdings of non-resident general government debt (from EUR 38.2bn to EUR 53.5bn) and corporate debt (from EUR 14.8bn to EUR 17.1bn). Total loans increased by EUR 0.4bn, reflecting growth in lending to households (+EUR 4.9bn, driven mainly by housing +EUR 3.5bn and consumer credit +EUR 1.2bn) and placements with other resident banks (+EUR 2.5bn), partly offset by a decline in deposits with the Bank of Portugal (-EUR 6.6bn). On the liability side, deposits and equivalents increased by EUR 14.2bn to EUR 355.1bn, supported by agreed-maturity deposits (+EUR 18.4bn) and partially offset by repurchase agreements (-EUR 5.3bn), which also contributed to a EUR 3.3bn reduction in non-resident sector deposits. Issued debt securities rose by EUR 2.4bn to EUR 56.8bn, capital and reserves increased by EUR 2.4bn to EUR 51.0bn, and funding from the Bank of Portugal fell by EUR 2.9bn reflecting the end of targeted longer-term refinancing operations. The next update is scheduled for January 2026.

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