Statistics on loans serviced by Credit Servicing Firms (CSFs): Q3 2023
18/12/2023 - Press Releases
- In the third quarter of 2023, the nominal value of loans to the domestic private sector serviced by domestic CSFs that have been transferred to non-resident specialised financial institutions increased by €25 million.
- The total value of the above category of loans increased to €71,186 million at the end of the third quarter of 2023, from €71,161 million in the previous quarter.
The nominal value of serviced loans increased to €71,186 million at the end of the third quarter of 2023 from €71,161 million in the previous quarter. It should be noted that as of the fourth quarter of 2022 the nominal value of loans does not include off-balance sheet interest and the amounts of write-offs and write-downs of loans made by the credit institutions that transferred the loan portfolio. The change in the methodology brings harmonisation of statistical and the relevant supervisory data.
Corporate loans
The nominal value of serviced corporate loans increased to €23,953 million in the third quarter of 2023, from €23,921 million in the previous quarter. In further detail, the nominal value of loans to non-financial corporations (NFCs) increased by €34 million to €23,890 million at the end of the third quarter of 2023. Out of the total of these loans to NFCs, an amount of €12,207 million corresponds to loans to small and medium-sized enterprises (SMEs).
The nominal value of loans to other financial institutions serviced by CSFs decreased by 2 million to €63 million at the end of the third quarter of 2023.
Loans to sole proprietors, farmers and unincorporated partnerships
The nominal value of loans to sole proprietors, farmers and unincorporated partnerships serviced by CSFs increased by €12 million from the previous quarter to €9,593 million at the end of the third quarter of 2023.
Loans to individuals and private non-profit institutions
The nominal value of loans to individuals and private non-profit institutions serviced by CSFs decreased by €20 million to €37,640 million at the end of the third quarter of 2023. In further detail, consumer loans serviced decreased by €37 million to €15,813 million, while the corresponding housing loans increased by €18 million to €21,528 million.
Table: Loans to domestic residents transferred to foreign financial institutions and serviced by CSFs
(Nominal value, end of quarter data, in EUR millions)
*Revised data. The nominal value of loans does not include off-balance sheet interest and write-offs/write-downs made by the credit institutions that transferred the loan portfolio.
Figures may not add up due to rounding.
Related information:
The next Press Release on “Statistics on loans serviced by Credit Servicing Firms (CSFs)” for the fourth quarter of 2023 will be published on 19 March 2024, according to the Advance release calendar published on the Bank of Greece website.
Related link:
Loans serviced by Credit Servicing Firms