Summary:

• At the end of March 2025, the deposits of households, non-financial corporations and the general government stood at EUR 40.0bn, EUR 16.0bn and EUR 6.0bn, respectively.

• In the past year, household deposits went up at a rate of 8.1%, with overnight deposits increasing at a rate of 11.4% and time deposits decreasing at a rate of 0.1%.

• At the end of March 2025, loans to households, non-financial corporations and the general government stood at EUR 25.0bn, EUR 16.3bn and EUR 5.4bn, respectively.

• In the past year, household loans and loans to non-financial corporations increased at a rate of 12.5% and 12.2%, respectively.

According to monetary statistics data^[1], total domestic sectors' deposits^[2] amounted to EUR 64.4bn at end-March 2025, having decreased by EUR 1.1bn (1.7%) in the first quarter of 2025 and having increased by EUR 4.6bn from the end of the first quarter of 2024. Their annual growth rate accelerated from 5.4% at end-December 2024 to 7.7% at end-March 2025.

Broken down by sectors, in the first quarter of 2025, deposits of non-financial corporations and general government went down by EUR 1.2bn (6.9%) and EUR 0.2bn (3.8%), respectively, while household deposits increased by EUR 0.4bn (1.0%). In the past year, household deposits and deposits of non-financial corporations increased at a rate of 8.1% and 1.6%, respectively. At the end of March 2025, the deposits of households, non-financial corporations and the general government stood at EUR 40.0bn, EUR 16.0bn and EUR 6.0bn, respectively.

Figure 1 Domestic sector deposits with credit institutions

At the end of March 2025, overnight deposits^[3] of domestic sectors stood at EUR 45.0bn, with households accounting for EUR 29.3bn, non-financial corporations for EUR 11.5bn and the general government for EUR 3.2bn. In the first quarter of 2025, household overnight deposits increased by EUR 0.5bn (1.9%), while the overnight deposits of non-financial corporations decreased by EUR 1.2bn (9.7%).

On an annual level, total overnight deposits accelerated their growth from 3.7% at the end of December 2024 to 8.8% at the end of March 2025. The annual growth rate of overnight deposits of households and non-financial corporations increased from 4.2% and –0.2% to 11.4% and 4.1%, respectively.

At end-March 2025, time deposits of domestic sectors stood at EUR 19.4bn, with time deposits of households and non-financial corporations accounting for EUR 10.7bn and EUR 4.4bn, respectively. In the first quarter of 2025, time deposits of households dropped by EUR 0.2bn (1.5%), while the time deposits of non-financial corporations rose by EUR 0.1bn (1.3%).

On an annual level, the growth in total time deposits decelerated from 9.9% at end-December 2024 to 5.3% at end-March 2025, which was driven by the decrease in the annual growth rate of time deposits of households and non-financial corporations from 6.9% and 7.4% to –0.1% and –4.4%, respectively.

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

At the end of March 2025, total loans to domestic sectors stood at EUR 47.1bn, which is an increase of EUR 1.5bn (3.2%) from the end of the fourth quarter of 2024 and an increase of EUR 3.6bn from end-March 2024. On an annual level, the growth in total loans to domestic sectors accelerated from 6.2% at end-December 2024 to 8.3% at end-March 2025.

Figure 3 Credit institutions' loans to domestic sectors

Broken down by sectors, at end-March 2025 household loans stood at EUR 25.0bn, with housing loans accounting for EUR 12.2bn and general-purpose cash loans for EUR 9.5bn. In the first quarter of 2025, household loans went up by EUR 0.7bn (2.9%). Housing loans grew by EUR 0.3bn (2.6%) and general-purpose cash loans by EUR 0.3bn (3.6%), while all other household loans^[4] rose by EUR 0.1bn (2.0%).

Household loans went up by EUR 2.8bn from the end of the first quarter of 2024. The annual growth in household loans thus accelerated from 12.1% at end-December 2024 to 12.5% at end-March 2025 due to the annual growth rate of housing loans increasing from 9.1% to 10.0% and the annual growth rate of other loans rising from 13.0% to 13.2%. The annual growth rate of general-purpose cash loans went down from 15.8% to 15.5%.

Figure 4 Household loans

Loans to non-financial corporations stood at EUR 16.3bn at end-March 2025, having grown by EUR 0.8bn (5.1%) in the first quarter of 2025 and by EUR 1.8bn from the end of the first quarter of 2024. The annual growth in loans to non-financial corporations thus accelerated from 6.4% at end-December 2024 to 12.2% at end-March 2025, reflecting the accelerated growth of working capital loans (up from 14.1% to 18.7%) and investment loans (up from 8.9% to 9.2%) and the increase in other loans (up from –5.3% to 9.4%).

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. ↑