Bank of Portugal publishes September 2025 bank loan and deposit statistics with mortgage lending up 8.9% and household deposits up 4.8%

The Bank of Portugal published updated September 2025 statistics on bank loans and deposits for households and companies. Housing loans grew 8.9% year on year, accelerating for the 21st consecutive month, while household deposits increased 4.8% year on year, interrupting the deceleration trend observed since November 2024. Lending to companies rose 4.2% year on year. Household lending grew 8.6% year on year, with the housing loan stock rising by EUR 986 million month on month to EUR 108.1 billion, and consumer and other-purpose loans up EUR 229 million to EUR 33.2 billion (7.6% year on year, reflecting 6.7% growth in consumer credit and 9.2% in other purposes). Corporate loan stocks totalled EUR 74.2 billion, up EUR 279 million from August, with positive annual growth for micro, small and large firms (12.6%, 3.8% and 0.9%) and a continued contraction for medium-sized firms (-1.1%, negative since July 2022); construction and real estate credit grew 8.4% year on year and credit to commerce, transport and accommodation grew 2.8% with divergent sectoral trends. Household deposits at resident banks stood at EUR 197.1 billion, up EUR 193 million month on month as term deposits rose and overnight liabilities fell, while corporate deposits fell EUR 721 million to EUR 72.5 billion but rose 10.9% year on year. Annual growth rates are calculated from transactions only, excluding other effects such as exchange-rate movements.