Total credit to the private sector increased by 1.62% in June to 1.2324 trillion euros. This figure is 0.72% lower than in June 2020.
Meanwhile, non-performing loans fell by 1.76% in June, to 54.218 billion euros, which also represents a decrease of 6.47% compared with the same month in 2020.
To deal with possible defaults, the provisions of financial institutions stood at 39,668 million euros in June, 1,427 million less than in the previous month, a decrease of 3.47%. This is the third consecutive month of decreases, after uninterrupted increases between November 2020 and March 2021. These provisions are 2.1% higher than a year ago.