Summary

• At the end of December 2024, the deposits of households, non-financial corporations and the general government stood at EUR 39.6bn, EUR 17.1bn and EUR 6.2bn, respectively.
• In the past year, household deposits went up at a rate of 4.9%, with time deposits increasing at a rate of 6.9%.
• At the end of December 2024, loans to households, non-financial corporations and the general government stood at EUR 24.3bn, EUR 15.5bn and EUR 5.4bn, respectively.
• In the past year, household loans and loans to non-financial corporations increased at a rate of 12.1% and 6.4%, respectively.

According to monetary statistics data,^[1] total domestic sectors' deposits^[2]amounted to EUR 65.4bn at end-December 2024, having increased by EUR 1.7bn (2.7%) in the fourth quarter of 2024 and by EUR 3.4bn from the end of the fourth quarter of 2023. Their annual growth rate accelerated from 4.1% at end-September 2024 to 5.4% at end-December 2024.

Broken down by sectors, all sectors’ deposits recorded a growth in the fourth quarter of 2024. Household deposits rose by EUR 0.9bn (2.3%), general government deposits went up by EUR 0.1bn (2.3%), while the deposits of non-financial corporations edged up by EUR 27.8m (0.2%). In the past year, household deposits and the deposits of non-financial corporations increased at a rate of 4.9% and 1.6%, respectively. At the end of December 2024, the deposits of households, non-financial corporations and the general government stood at EUR 39.6bn, EUR 17.1bn and EUR 6.2bn, respectively.

Figure 1 Domestic sector deposits with credit institutions

At the end of December 2024, the overnight deposits^[3] of domestic sectors stood at EUR 46.5bn, with households accounting for EUR 28.7bn, non-financial corporations for EUR 12.7bn and the general government for EUR 4.2bn. In the fourth quarter of 2024, household overnight deposits increased by EUR 1.0bn (3.8%), while the overnight deposits of non-financial corporations rose only slightly by EUR 48.2m (0.4%).

The annual growth rate of total overnight deposits increased from –2.4% at end-September 2024 to 3.7% at end-December 2024 as a result, with the growth rate of household deposits up from –4.6% to 4.2% and that of non-financial corporations deposits down from 1.0% to –0.2%.

At the end of December 2024, the time deposits of domestic sectors stood at EUR 18.9bn, with time deposits of households and non-financial corporations accounting for EUR 10.8bn and EUR 4.4bn, respectively. In the fourth quarter of 2024, household time deposits dropped by EUR 0.2bn (1.4%), while the time deposits of non-financial corporations went down by EUR 20.4m (0.5%).

Total time deposits decelerated their annual growth, from 23.8% at end-September 2024 to 9.9% at end-December 2024. The growth of household time deposits decelerated markedly, from 25.2% to 6.9%, while the growth of non-financial corporations’ time deposits slowed down from 8.2% to 7.4%.

Figure 2 Overnight and time deposits of households and non-financial corporations with credit institutions

At the end of December 2024, total loans to domestic sectors stood at EUR 45.6bn, which is an increase of EUR 0.7bn (1.6%) from the end of the third quarter of 2024 and of EUR 2.7bn from end-December 2023. On an annual level, the growth in total loans to domestic sectors accelerated from 5.0% at end-September 2024 to 6.2% at end-December 2024.

Figure 3 Credit institutions' loans to domestic sectors

Broken down by sectors, at end-December 2024 household loans stood at EUR 24.3bn, with housing loans accounting for EUR 11.9bn and general-purpose cash loans for EUR 9.2bn. In the fourth quarter of 2024, household loans went up by EUR 0.8bn (3.4%). Housing loans grew by EUR 0.3bn (2.5%) and general-purpose cash loans by EUR 0.3bn (2.9%), while all other household loans^[4] rose by EUR 0.2bn (8.4%).

Household loans went up by EUR 2.6bn from the end of the fourth quarter of 2023. The annual growth in household loans thus accelerated from 10.7% at end-September 2024 to 12.1% at end-December 2024 due to the annual growth rate of housing loans increasing from 8.6% to 9.1% and the annual growth rate of other loans rising from 5.1% to 13.0%. The annual growth rate in general-purpose cash loans held steady at 15.8%.

Figure 4 Household loans

Loans to non-financial corporations stood at EUR 15.5bn at end-December 2024, having grown by EUR 0.5bn (3.3%) in the fourth quarter of 2024 and by EUR 0.9bn from the end of the fourth quarter of 2023. The annual growth in loans to non-financial corporations thus accelerated from 3.9% at end-September 2024 to 6.4% at end-December 2024, primarily reflecting the accelerated growth of working capital loans (up from 8.5% to 14.1%) and investment loans (up from 8.1% to 8.9%) and the accelerated decrease in other loans (down from –6.9% to –5.3%).

Figure 5 Loans to non-financial corporations

Statistical data time series: Aggregated balance sheet of other monetary financial institutions

1. Monetary statistics show the indicators of stocks and transactions of financial assets and liabilities of credit institutions. The changes and rates of change in the release are shown based on transactions. The transactions show changes that exclude the effects of exchange rate changes, reclassifications and write-offs of loans. ↑

2. Domestic sectors in the release include the general government, households, non-financial corporations, other financial institutions (investment funds other than money market funds, other financial intermediaries and financial auxiliaries) and insurance corporations and pension funds. Non-financial corporations consist of institutional units which are independent legal entities and market producers and whose principal activity is the production of goods and/or non-financial services. ↑

3. Overnight deposits comprise transaction (giro and current) accounts, savings deposits and a small share of electronic money and restricted deposits. ↑

4. Other household loans mainly refer to transaction account overdrafts, credit card loans, mortgage loans and other loans. ↑