In the third quarter of 2019, the nominal value of loans serviced by domestic CSFs increased; the loans serviced concern loans that have been transferred from domestic credit institutions to non-resident specialized financial institutions.
In particular, the total value of loans serviced by CSFs increased by €1,967 million in the third quarter of 2019 and stood at €20,105 million, from €18,138 million in the second quarter of 2019 (see relevant Table and Diagrams).
Corporate loans
The nominal value of serviced corporate loans increased to €5,408 million in the third quarter of 2019, from €5,367 million in the previous quarter. In further detail, the nominal value of loans to non-financial corporations (NFCs) increased by €41 million to €5,361 million at the end of the third quarter of 2019; Out of the total loans to NFCs, an amount of €3,719 million corresponds to loans to small and medium-sized enterprises (SMEs).
The nominal value of loans to insurance corporations and other financial intermediaries, serviced by CSFs, remained unchanged from the previous quarter, at €47 million.
Loans to sole proprietors and unincorporated partnerships
The nominal value of loans to sole proprietors and unincorporated partnerships, serviced by the CSFs, decreased by €9 million from the previous quarter and stood at €2,256 million at the end of the third quarter of 2019.
Serviced loans to individuals and private non-profit institutions
The nominal value of loans to individuals and private non-profit institutions, serviced by the CSFs, increased by €1,936 million to €12,441 million at the end of the third quarter of 2019. In further detail, the serviced consumer loans decreased by €9 million to €10,105 million at the end of the third quarter of 2019, while the corresponding housing loans increased by €1,956 million to €2,329 million.
Table: Loans transferred to foreign financial intermediaries and serviced by CSFs
(Nominal value, end of quarter data, in million euros)
|
March 2019 |
June 2019 |
September 2019 |
|
|
Private sector |
18,231 |
18,138 |
20,105 |
|
Corporations |
5,561 |
5,367 |
5,408 |
|
Non-financial corporations (NFCs) |
5,511 |
5,320 |
5,361 |
|
o/w small and medium-sized enterprises (SMEs) |
3,392 |
3,704 |
3,719 |
|
Insurance corporations and other financial intermediaries |
49 |
47 |
47 |
|
Sole proprietors, farmers and individual enterprises |
2,141 |
2,265 |
2,256 |
|
Individuals and private non-profit institutions (NPIs) |
10,529 |
10,505 |
12,441 |
|
o/w consumer loans |
10,142 |
10,114 |
10,105 |
|
o/w housing loans |
375 |
373 |
2,329
|
