Credit to families grows 0.7% in February and that granted to companies rises almost 1%

This represents an increase in the credit granted to families of 5,046 million euros and 8,660 million euros in those referred to companies in the last twelve months and in a context now marked by the impact on the Spanish economy of the war in Ukraine and price escalation.

In a monthly comparison, the indebtedness of families fell slightly in February by 595 million euros in relation to the month of January, which is 0.08% less. In the same way, the debt of companies was 160 million euros lower in February compared to January, 0.02% less.


Household mortgage loans, which represent the majority of their total debt, stood at 514,769 million euros in February, which is 259 million more than the previous month and 5,228 million above the figure for a year ago , which is in line with the rise in home sales in recent months.

In this way, data from the Bank of Spain show that the amount that families allocate to their home continues to occupy most of their indebtedness, since it represents around 73.7% of it.

On the other hand, in January there was a fall in family loans for consumption, which fell by 0.5% in the monthly rate, to 91,499 million euros, although they increased by 0.7% in the interannual rate.

For their part, family loans for other purposes totaled 88,628 million euros, compared to 88,997 million a month earlier, which represents a fall of 0.4%. In the interannual rate, on the contrary, it fell by 1.3%.


On the other hand, financing to companies in the second month of the year rose year-on-year due to the increase in both debt securities and loans from abroad, while credits with financial institutions fell in the last twelve months. months.

Specifically, bank loans to companies stood at 479,062 million euros in February, which represents a fall of 1.1% compared to the same month of the previous year. On their side, debt securities grew by 8.3% year-on-year, to 142,282 million. Finally, loans from abroad rose by 1.2% year-on-year, to 313,238 million.

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