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November 13, 2024
In September, current credit to the NFPS slowed down 0.5% YoY in real terms, as a result of the lower dynamism of consumer and business credit. Traditional deposits decelerated 0.6% YoY in real terms, as a consequence of the continued weakness of term deposits. A feeble economic activity seems to lie beneath both dynamics.
October 16, 2024
In August, both deposits and credit rose in annual terms with respect to July, supported, in part, by the accounting effect of the exchange rate depreciation. Companies and other financial intermediaries were behind the increase in deposits, while consumer and business credit supported credit.
September 19, 2024
The economic slowdown is already showing effects on banking activity. In July, credit to the non-financial private sector registered a widespread weakening, while traditional deposits grew less than in June, even considering the boosting effect of the exchange rate depreciation.
September 6, 2024
The weekly growth of FX-adjusted credits continued to decelerate in the last week of August from 0.9% to 0.6% due to commercial credits in the sector and consumer credits of private banks. Total credits’ 4 week average trend fell to 0.4%.
September 2, 2024
The year 2023 ended with a declining banking sector marked by the contraction of credit and the slowdown in deposits due to the ECB's restrictive monetary policy. However, the easing of interest rates and this monetary policy in 2024 has improved credit performance and boosted growth of deposits
August 22, 2024
Credit to the non-financial private sector accelerated in June (7.5% in real terms) hand in hand with corporate credit. On the deposits side, the increase in demand deposits and the exchange rate depreciation supported the stabilization of traditional deposits.
July 10, 2024
Credit to the SPNF maintained double-digit nominal growth rates in May (11.4%) driven by the dynamism of the consumer portfolio, particularly in the automotive segment, and a rebound in business credit. This rebound stemmed from credit to the services sector all across the country.
June 20, 2024
In April 2024, the balance of traditional bank deposits (sight + term) registered a real YoY growth rate of 3.6%, while the balance of the current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) recorded real YoY growth of 5.6%.
May 29, 2024
Profitability of the sector is under pressure of high funding costs which continues to be partially offset by fees & commission income. Credit growth will be subdued due to regulationary caps in the very short term.
May 17, 2024
Foreign currency adjusted weekly credit growth decelerated further to 0.3% in the week ending by May 10th. This is due to both commercial and consumer credits in public banks. Total credits’ 13-week annualized trend fell from 36.4% to 35.1%.
May 9, 2024
In March 2024, the balance of the current credit portfolio granted by commercial banks to the non-financial private sector (SPNF) registered a real annual growth of 4.9%, while the balance of traditional bank deposits (sight + term) registered a real annual growth rate of 4.5%.
