The nominal value of loans serviced by domestic Credit Servicing Funds (CSF) increased in the third quarter of 2019, according to Bank of Greece’s official data.

In particular, the total value of loans serviced by CSFs increased by €1,967 Mn euros in the third quarter of 2019 and stood at €20,105 Mn, from €18,138 Mn in the second quarter of 2019.

The nominal value of serviced corporate loans increased to €5,408 Mn in the third quarter of 2019, from €5,367 Mn in the previous quarter. In further detail, the nominal value of loans to non-financial corporations (NFCs) increased by €41 Mn to €5,361 Mn at the end of the third quarter of 2019. Out of the total loans to NFCs, an amount of €3,719 Mn 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 Mn.

The nominal value of loans to sole proprietors and unincorporated partnerships, serviced by the CSFs, decreased by €9 Mn from the previous quarter and stood at €2,256 Mn at the end of the third quarter of 2019.

The nominal value of loans to individuals and private non-profit institutions, serviced by the CSFs, increased by €1,936 Mn to €12,441 Mn at the end of the third quarter of 2019. In further detail, the serviced consumer loans decreased by €9 Mn to €10,105 Mn at the end of the third quarter of 2019, while the corresponding housing loans increased by €1,956 Mn to €2,329 Mn.

Original Story: The National Herald | Ana 
Photo: Bank of Greece
Edition: Prime Yield