The Bank of Portugal has released updated fourth-quarter 2024 statistics for other financial intermediaries, financial auxiliaries, and captive financial institutions and money lenders (OIFAF). Total OIFAF assets stood at EUR 133.2 billion at end-2024, down EUR 3.8 billion from end-2023, while the stock of loans granted by credit securitisation vehicles fell to EUR 14.5 billion, the lowest level since September 2004. By number of entities, financial auxiliaries accounted for 58% of the OIFAF sector, captive financial institutions and money lenders for 37%, and other financial intermediaries for 5%, while the asset split was 76%, 19% and 5% respectively. The OIFAF sector represented 89% of financial entities and 14% of Portuguese financial-sector assets at end-2024, compared with 72% for the banking sector (resident banks and the central bank). Within OIFAF, assets of captive financial institutions and money lenders declined by EUR 1.1 billion, mainly due to the dissolution (EUR 2.3 billion) and relocation (EUR 2.1 billion) of entities, partly offset by entries to the sector (EUR 1.0 billion) and increased activity (EUR 2.3 billion). Other financial intermediaries’ assets fell by EUR 2.9 billion, while financial auxiliaries’ assets increased by EUR 0.2 billion. The decline in other financial intermediaries was driven by credit securitisation vehicles, reflecting full amortisation of securitisation operations (EUR 1.3 billion), dissolution of credit securitisation funds (EUR 0.7 billion) and net amortisations of securitised loans (EUR 0.9 billion). The next update is scheduled for March 2026.

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