The Bank of Portugal published updated statistics on bank loans and deposits for non-financial corporations and households for April 2025. The release shows housing lending accelerating to 6.0% year on year, the highest annual growth rate since August 2008, while household deposit growth slowed to 5.7% and lending to companies increased 1.8%, the highest annual rate since mid-2022. Total loans to households grew 6.3% year on year. Mortgage lending rose by EUR 789 million from March to EUR 105.2 billion, with 1.96 million mortgage borrowers at end-April. Consumer and other-purpose lending increased by EUR 121 million to EUR 30.9 billion and grew 7.1% year on year, including personal credit at EUR 12.8 billion (up 7.4%), car loans at EUR 8.6 billion (up 10.1%), and credit cards at EUR 3.2 billion (up 7.7%). Bank lending to companies stood at EUR 72.5 billion, down EUR 121 million on the month, but up 1.8% year on year, with micro and large firms growing 10.2% and 0.7% respectively, while medium-sized firms remained negative (-3.8%) and small firms were flat; by sector, construction and real estate grew 5.3% while industries and electricity fell 0.7%. Household deposits totalled EUR 193.1 billion, up EUR 506 million on the month, driven by a rise in sight deposits and a fall in term deposits; the Bank linked the ongoing deceleration since November 2024 to lower deposit remuneration and higher net subscriptions of savings certificates. Corporate deposits increased to EUR 70.2 billion and grew 7.6% year on year. The annual growth rates are calculated from transaction flows only, excluding other effects such as exchange rate movements. The next update is scheduled for 30 June 2025.

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