In the second quarter of the year, the total value of the “red” loans managed by the Loan and Credit Management Companies (EDADP) increased to 71.16 billion euros.

In more detail, the nominal value of loans under management increased to 71,164 billion euros at the end of the second quarter of 2023, from 70.494 billion euros at the end of the previous quarter. It should be noted that from the fourth quarter of 2022, the nominal value of the loans does not include unaccounted interest and write-offs from the credit institutions that transferred the loan portfolio. The change in methodology was made to harmonize with the respective supervisory elements.

The nominal value of business loans under management increased to 23,921 billion euros at the end of the second quarter of 2023, from 23.530 billion euros at the end of the previous quarter. In more detail, the nominal value of loans to non-financial enterprises (NFEs) increased by 403 million euros and amounted to 23,856 billion euros at the end of the second quarter of 2023. Of the managed loans to NFEs, an amount of 12,264 billion euros concerns loans to small and medium enterprises (SMEs).

The nominal value of loans under management to other financial institutions decreased by 11 million euros and amounted to 65 million euros at the end of the second quarter of 2023.

The nominal value of loans under management to freelancers, farmers and sole proprietorships increased by 25 million euros compared to the previous quarter and amounted to 9,581 million euros at the end of the second quarter of 2023.

Loans to individuals and private non-profit institutions

The nominal value of loans under management to individuals and private non-profit institutions increased by 254 million euros compared to the previous quarter and amounted to 37,662 million euros at the end of the second quarter of 2023. More specifically, consumer loans under management showed an increase of 47 million euros and amounted to 15.853 billion euros. Mortgage loans under management showed an increase of 207 million euros and amounted to 21,510 billion euros.