New housing loan contracts advance to 2.2 billion in September

In September, Portuguese banks granted €2.171 billion in new housing loans, marking a 4.2% year-on-year increase. This figure also reflects a €34 million rise from August. Overall, new loans to individuals reached €3.121 billion, up by €92 million from the previous month. Renegotiations accounted for €622 million, primarily driven by housing loan renegotiations. The average interest rate for new housing loans rose to 3.06%, while the eurozone average increased to 3.62%. New loans to companies totaled €2.338 billion, with an average interest rate of 4.25%.