Real estate credit renegotiations in January fell 6%, in the annual comparison, to 466 million euros, despite the chain increase, according to data published this Wednesday, 4th, by the Bank of Portugal (BdP).
According to data from the banking regulator, real estate credit contracts worth 466 million euros were renegotiated in January, 30 million euros less than a year ago, but 45 million euros more compared to December.
Mortgage loan renegotiations represented the majority of renegotiations, which in the first month of the year totaled 493 million euros.
In December, contracts worth 444 million euros were renegotiated (421 million euros of which for housing) and in January last year 551 million euros (496 million euros in real estate credit).
In total, new loan operations to individuals, which include completely new credits and renegotiated contracts, totaled 3,081 million euros, an annual drop of 9% and 450 million euros less overall.
Of this amount, new loan contracts for individuals reached R$2,588 million, compared to R$3,087 million in December and R$2,274 million a year ago.
In real estate credit alone, new contracts totaled R$1.783 million in January, an increase of R$250 million in the annual comparison, but 18.6% less compared to December.
In consumer loans, the amount rose to R$551 million, against R$532 million a year earlier and R$564 million in December. In this modality, the average interest rate on new operations reached 9.15%, an increase of 0.53 percentage points compared to December and against 0.12% a year earlier.
Among companies, new loan operations totaled R$1.975 million, R$1.313 million less than in December.
“This reduction resulted from the reduction in the amount of both new contracts (-1,241 million euros) and renegotiated contracts (-72 million euros)”, says the BdP.
For companies, the average interest rate on new loan operations increased 0.05 percentage points compared to December, to 3.70%, and 0.54 percentage points lower in the annual comparison.
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