Bank of Portugal publishes June 2025 bank lending and deposit data with mortgage credit up 7.3% and corporate lending up 3.6%

The Bank of Portugal published updated June 2025 statistics on resident banks’ loans and deposits for households and companies. The data show household credit growth at 7.4% year on year, with mortgage lending up 7.3% (the highest since August 2008), corporate lending up 3.6% (the highest since January 2022), and household deposits up 5.2% with an eighth consecutive month of deceleration. Household mortgage lending rose by EUR 1.525 billion from May to EUR 106.3 billion at end-June, while consumer and other-purpose loans increased by EUR 235 million to EUR 32.7 billion and grew 7.9% year on year. Corporate loan stocks reached EUR 74.2 billion, up EUR 1.082 billion on the month, with positive annual growth for micro, small and large firms (12.7%, 2.0% and 1.0%) and a negative rate for medium-sized firms (-2.1%); lending growth turned positive for industries and electricity (1.5%) and increased for construction and real estate (7.1%). Household deposits totalled EUR 195.8 billion, up EUR 1.740 billion on the month, driven by a EUR 1.5 billion rise in sight deposits and a EUR 240 million increase in term deposits, while corporate deposits were EUR 70.3 billion, down EUR 274 million on the month but up 6.7% year on year. The loan and deposit series were revised back to June 2022 following improvements in data sources and updates with the latest available information. The next update is scheduled for 28 August 2025.