Bank of Portugal publishes October 2025 bank loans and deposits statistics with housing lending up 9.4% year on year

The Bank of Portugal published updated banking loans and deposits statistics for October 2025, showing continued acceleration in mortgage lending and a renewed slowdown in household deposit growth. Housing loans increased 9.4% year on year, loans to non-financial corporations rose 4.3%, and household deposits grew 4.4%. Mortgage lending stock rose by EUR 993 million from September to EUR 109.1 billion, while total loans to households increased 9.0% year on year; consumer credit and other purposes rose by EUR 166 million to EUR 33.4 billion and grew 7.9% year on year. Corporate lending stock stood at EUR 73.8 billion, down EUR 447 million on the month, with positive annual growth for micro and small firms at 13.3% and 4.0%, but negative rates for medium and large firms at -0.8% and -0.5%; construction and real estate credit grew 8.6% year on year. Household deposits totalled EUR 197.5 billion, up EUR 398 million from September as sight deposits fell by EUR 79 million and term deposits increased by EUR 477 million, while corporate deposits rose to EUR 74.5 billion, up EUR 2,083 million on the month and 11.5% year on year; reported annual growth rates are based on transactions and exclude other effects such as exchange-rate movements. As part of a redesign of published information, details on consumer credit and other purposes will be discontinued on 29 January 2026, with new series to be communicated and published in the coming days.