Loans from financial institutions to families Spanish resident and non-profit organizations rose 0.4% year-on-year to €702,461 million in October, while corporate finance increased 1.09% to €952,534 million, according to data released by the bank this Thursday. . of Spain.
This represents an increase in credit to families of 2,914 million and 10,355 million € in references to companies over the past twelve months and in a context currently marked by the impact of the war in Ukraine on the Spanish economy and rising prices.
In a monthly comparison, household indebtedness fell by 543 million euros in October, 0.08% less than in September. On its part, corporate debt was €1.554m lower in October, 0.2% less than in September.
consumer credit falls
Household mortgage loans, which make up the bulk of their total debt, 516,287 million euros in October, this means 3.189 million more than a year ago, although slightly lower than the previous month.
In this way, data from the Bank of Spain shows that the amount families have allocated to their homes continues to occupy most of their homes. indebtednessbecause it represents about 73.5% of that.
On the other hand, consumer loans for family increased by 1.5% on a monthly basis in October. 95,644 million eurosincreased by 1.5% over the years.
For their part, family loans for other purposes totaled €87,181 million.a month ago 88.173 millionThis represents a 1.1% decrease. The inter-year rate, on the other hand, recorded a decrease of 2.6%.
Debt securities are falling
on his side, financing As a result, its sales to companies increased in the tenth month of the year compared to the previous year. increase in loans obtained from both financial institutions and external loans, while debt securities fell.
Bank loans, especially from companies 484,709 million euros in OctoberThis means an increase of 1.3% compared to the same month of the previous year. Debt securities fell 5.3% year on year to 135,479 million. Finally, external loans rose 3.6% year on year to 332,347 million.