Statistics on loans serviced by Credit Servicing Firms (CSFs): Q4 2023

19/03/2024 - Press Releases

- In the fourth 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 decreased by €1,720 million.

- The total value of the above category of loans decreased to €69,466 million at the end of the fourth quarter of 2023, from €71,186 million in the previous quarter.

The nominal value of serviced loans decreased to €69,466 million at the end of the fourth quarter of 2023 from €71,186 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 decreased to €22,848 million in the fourth quarter of 2023, from €23,953 million in the previous quarter. In further detail, the nominal value of loans to non-financial corporations (NFCs) decreased by €1,080 million to €22,810 million at the end of the fourth quarter of 2023. Out of the total of these loans to NFCs, an amount of €11,537 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 25 million to €38 million at the end of the fourth 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 decreased by €542 million from the previous quarter to €9,051 million at the end of the fourth 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 €74 million to €37,566 million at the end of the fourth quarter of 2023. In further detail, consumer loans serviced decreased by €182 million to €15,631 million, while the corresponding housing loans increased by €117 million to €21,646 million.

Table: Loans to domestic residents transferred to foreign financial institutions and serviced by CSFs

(Nominal value, end of quarter data, in EUR millions)

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 first quarter of 2024 will be published on 17 June 2024, according to the Advance release calendar published on the Bank of Greece website.

Related link:

Loans serviced by Credit Servicing Firms