Total Stock of Mortgages Falls in July

5 September 2019

Total lending by Portugal’s banks to households and businesses fell by €625 million from June to July €192.291 billion, according to figures released today by the Bank of Portugal. Year-on-year, in July, the total stock of loans to businesses and families fell by nearly 2%.

Mortgages totalled €97.135 billion in July, down from €97.337 billion in June and €98.128 billion the year before.

Original Story: Lusa/DI

Adaptation/Translation: Richard D. K. Turner