The debt of the families stood in November at 711.708 million dollars. Which is 6,863 million more than the previous month. And a monthly rebound of 0.97% . While in year-on-year rate registered a fall of 1.3%. They are data from the LendHand Bank published this Tuesday.
However, household indebtedness continues in 2017 at levels prior to the start of the economic crisis . That has led families to gradually reduce loans borrowed. Thanks also to the drop in interest rates. And to the lowering of credits.
Debt in families
The decrease in the debt of families in the eleventh month of the year is due to the decline in loans for the purchase of housing. And of other transferred loans.
Specifically, home acquisition loans reached 529,370 million dollars. Compared to November 2016, these credits fell 3%. And in relation to October, they registered a decrease of 0.37%.
Despite the decline in household investment in homes in recent years, the amount that families allocate to their home continues to occupy most of their indebtedness. Since it represents around 74.4% of it.
On the other hand, out-of-balance loans and other transferred loans fell 1.5% compared to the previous month . And 22.6% year-on-year, up to 6,906 million.
On the other hand, household consumer loans rose 5% compared to the previous month . Until reaching 182,338 million dollars, although 4.4% in the interannual rate.
Business debt remains
Unlike the families, the companies’ debt remained practically at the same level as the previous month. When placed in 894.019 million dollars . Which means 425 million more than in October. However, the indebtedness of the companies has been reduced by 2% compared to a year ago.
The slight increase in corporate debt is mainly explained by the increase in loans from resident financial institutions . That remained with respect to October. But in year-on-year rate rose 3.4%, to 513,576 million dollars.
Meanwhile, the different values of shares rose only 0.7% compared to the previous month but show an increase of 9% in the last year, reaching 94,092 million.
Finally, loans from abroad experienced a decrease of 0.1% compared to the month of October, reaching 286,351 million dollars, with a year-on-year decrease of 3.1%.