Essential Business

Family indebtedness at five-year-high

 In Banks, Money, News

Private individual debt hit a five year maximum in January 2021, increasing €2.15Bn on the same month last year.

According to data from the Bank of Portugal, family debt increased to €141.4Bn at the start of the year, the highest since January 2016. The BoP also revealed that overall economic debt in Portugal (State, non-financial companies and families) — fell to €743.7Bn but family and personal debt to banks and credit institutions hit €128Bn. (90%)


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