Statistics on loans serviced by Credit Servicing Firms (CSFs): Q3 2019
16/12/2019 - Press Releases
In the third quarter of 2019, the nominal value of loans 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 €1,967 million in the third quarter of 2019 and stood at €20,105 million, from €18,138 million in the second quarter of 2019 (see relevant Table and Diagrams).
Corporate loans
The nominal value of serviced corporate loans increased to €5,408 million in the third quarter of 2019, from €5,367 million in the previous quarter. In further detail, the nominal value of loans to non-financial corporations (NFCs) increased by €41 million to €5,361 million at the end of the third quarter of 2019; Out of the total loans to NFCs, an amount of €3,719 million corresponds to loans to small and medium-sized enterprises (SMEs).
The nominal value of loans to insurance corporations and other financial intermediaries, serviced by CSFs, remained unchanged from the previous quarter, at €47 million.
Loans to sole proprietors and unincorporated partnerships
The nominal value of loans to sole proprietors and unincorporated partnerships, serviced by the CSFs, decreased by €9 million from the previous quarter and stood at €2,256 million at the end of the third 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 €1,936 million to €12,441 million at the end of the third quarter of 2019. In further detail, the serviced consumer loans decreased by €9 million to €10,105 million at the end of the third quarter of 2019, while the corresponding housing loans increased by €1,956 million to €2,329 million.
Table: Loans transferred to foreign financial intermediaries and serviced by CSFs
(Nominal value, end of quarter data, in million euros)
| | March 2019 | June 2019 | September 2019 |
| Private sector | 18,231 | 18,138 | 20,105 |
| Corporations | 5,561 | 5,367 | 5,408 |
| Non-financial corporations (NFCs) | 5,511 | 5,320 | 5,361 |
| o/w small and medium-sized enterprises (SMEs) | 3,392 | 3,704 | 3,719 |
| Insurance corporations and other financial intermediaries | 49 | 47 | 47 |
| Sole proprietors, farmers and individual enterprises | 2,141 | 2,265 | 2,256 |
| Individuals and private non-profit institutions (NPIs) | 10,529 | 10,505 | 12,441 |
| o/w consumer loans | 10,142 | 10,114 | 10,105 |
| o/w housing loans | 375 | 373 | 2,329 |
Note: The next Press Release on “Statistics on loans serviced by Credit Servicing Firms (CSFs)” for the fourth quarter of 2019 will be published on 16 March 2020, according to the Advance
release calendar, as posted on the Bank of Greece internet site.