Statistics on loans serviced by Credit Servicing Firms (CSFs): Q4 2019
16/03/2020 - Press Releases
In the fourth quarter of 2019, the nominal value of loans of domestic residents 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 €3,432 million in the fourth quarter of 2019 and stood at €23,537 million, from €20.105 million in the third quarter of 2019 (see relevant Table and Diagrams).
Corporate loans
The nominal value of serviced corporate loans increased to €6,400 million in the fourth quarter of 2019, from €5,408 million in the previous quarter. In further detail, the nominal value of loans to non-financial corporations (NFCs) increased by €992 million to €6,353 million at the end of the fourth quarter of 2019. Out of the total loans to NFCs, an amount of €4,528 million concerns loans to small and medium-sized enterprises (SMEs).
The nominal value of loans to insurance corporations and other financial intermediaries, serviced by CSFs, remained almost unchanged at €48 million at the end of the fourth quarter of 2019.
Loans to sole proprietors and unincorporated partnerships
The nominal value of loans to sole proprietors and unincorporated partnerships, serviced by the CSFs, increased by €1,017 million from the previous quarter and stood at €3,273 million at the end of the fourth 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 €1,422 million to €13,863 million at the end of the fourth quarter of 2019. In further detail, the serviced consumer loans increased by €1,434 million to €11,539 million, while the corresponding housing loans decreased by €12 million to €2,317 million.
Table: Loans to domestic residents transferred to foreign financial intermediaries and serviced by CSFs
(Nominal value, end of quarter data, in million euros)
| | June 2019 | September 2019 | December 2019 |
| Private sector | 18,138 | 20,105 | 23,537 |
| Corporations | 5,367 | 5,408 | 6,400 |
| Non-financial corporations (NFCs) | 5,320 | 5,361 | 6,353 |
| o/w small and medium-sized enterprises (SMEs) | 3,704 | 3,719 | 4,528 |
| Insurance corporations and other financial intermediaries | 47 | 47 | 48 |
| Sole proprietors, farmers and individual enterprises | 2,265 | 2,256 | 3,273 |
| Individuals and private non-profit institutions (NPIs) | 10,505 | 12,441 | 13,863 |
| o/w consumer loans | 10,114 | 10,105 | 11,539 |
| o/w housing loans | 373 | 2,329 | 2,317 |
Note: The next Press Release on “Statistics on loans serviced by Credit Servicing Firms (CSFs)” for the first quarter of 2020 will be published on 16 June 2020 according to the Advance release calendar, as posted on the Bank of Greece website.