Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

Key findings from the ECRI Statistical Package 2020. CEPS ECRI Statistics 05 Oct 2020.

Musmeci, Roberto and Kommuri, Nagesh (2020) Key findings from the ECRI Statistical Package 2020. CEPS ECRI Statistics 05 Oct 2020. UNSPECIFIED.

[img] PDF - Published Version
Download (528Kb)

    Abstract

    Key findings from the ECRI Statistical Package 2020 • In 2019, loans to EU households and non-financial corporations (NFC) increased by 2.5%. • For the fifth year in a row, total loans in non-euro area countries grew more than loans in euro area countries. • Compared to 2018, the growth rate of total loans in 2019 increased from 1.9% to 2.4% in the euro area, and in non-euro area countries the growth rate was from 2.8% to 3.7%. • Between 2018 and 2019, household loans in EU increased by 3.5% and non-financial corporations (NFC) loans increased by 1.2%. • Total household loans grew most in Bulgaria (+13.5%), Hungary (+12.3%), Malta (+10.0%), Poland (+8.1%), Slovakia (+8.0%) and Lithuania (+7.8%). The largest contractions were registered in Greece (-8.6%), Cyprus (-5.2%). • Hungary (+8.1%), Austria (+6.7%), Luxembourg (+6.7%), Finland (+6.6%), Bulgaria (+5.9%) and Germany (+5.7%) were among the member states with the largest growth rates in NFC loans. Significant reductions were registered in Greece (-11.8%), Cyprus (-9.0%), Italy (-7.0%) and Ireland (-5.6%). • Since the Covid-19 outbreak the transaction flows and outstanding amount of loans to non-financial corporations have increased significantly, while household loans transaction flows have fallen and loan growth stabilised.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > social policy > families and children
    EU policies and themes > Policies & related activities > economic and financial affairs
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ECRI Statistics
    Depositing User: Daniel Pennell
    Official EU Document: No
    Language: English
    Date Deposited: 25 Mar 2021 11:06
    Number of Pages: 11
    Last Modified: 25 Mar 2021 11:06
    URI: http://aei.pitt.edu/id/eprint/103348

    Actions (login required)

    View Item

    Document Downloads