Latest News Stream - Loan Growth

The value of outstanding loans from the Brazilian financial sector rose by 0.4% from the previous month to R$7.4 trillion in September 2026, easing from a 0.5% increase in August. Loans extended to corporations rose 1% to R$2.8 trillion, while household lending went up 0.1% to R$4.7 trillion. On an annual basis, total credit expanded 8.6%, below the 9.4% growth recorded in August. Household lending continued to outpace corporate credit, rising 9.9% year-on-year (vs 10.7%), while lending to legal entities slowed to 6.5% from 7.3%. Meanwhile, credit with free resources totaled R$4.2 trillion, up 0.8% from the previous month and 6.5% from a year earlier, due to a 0.2% monthly increase in household credit and a 1.7% rise in corporate lending.

Norway’s general public domestic loan debt increased by 4.9% year-on-year to NOK 8.09 trillion at the end of September 2026, following a 4.5% rise in the previous month. This marked the fastest pace of increase since May 2023. Lending growth to non-financial corporations accelerated to 5.9% from 4.8%, reaching NOK 2.44 trillion, while loans to municipal governments rose by 4.4%, up from 3.0%, to NOK 0.84 trillion. Meanwhile, lending growth to households eased slightly to 4.5% from 4.6%, with outstanding loans totaling NOK 4.81 trillion. On a seasonally adjusted annualized one-month basis, total loan debt for the general public grew by 6.0%, following a 5.6% increase in August.

The annual growth of total credit extended to the Greek economy slowed to 2.4% in September 2026, its weakest pace since January 2024, down from 3.5% in August. Despite this deceleration, net lending flows turned positive, reaching €744 million after a €250 million outflow in the previous month. Credit growth to the private sector eased to 6% from 7.3%, although monthly net flows improved markedly to €735 million from €489 million. Meanwhile, credit to the general government contracted at a faster annual pace of 3.6%, compared with 2.7% in August. However, monthly net flows turned marginally positive at €9 million, following a €250 million decline in the previous month.

Bank lending to Eurozone households increased 3.1% year-on-year to €7.276 trillion in September 2026, matching August’s pace rate and market expectations. Growth remained at 3.1% for a third consecutive month, holding at its highest level since February 2023. Lending to businesses also remained steady, rising 4.2% year-on-year, unchanged from August. Meanwhile, overall private-sector credit growth, which includes lending to households and non-financial corporations, held at 4.3% for the second consecutive month.

Swedish household lending growth edged up to 3.4% year-on-year in September 2026 from 3.3% in the prior month, marking its highest rate since December 2022. Housing loans, which accounted for 83% of household credit, grew 3.6%, while consumer loans, representing 6%, increased 1.6%. Meanwhile, lending to non-financial corporations expanded 4.0%. Borrowing costs were mixed. The average interest rate on new housing loan agreements rose to 2.83% from 2.78%, while the average floating mortgage rate edged down to 2.72% from 2.73%. For housing loans with maturities of over one to five years, the average fixed rate increased to 3.39% from 3.18% in August. The average fixed rate on new agreements with maturities of over three months to one year also climbed to 3.04% from 2.79%. Meanwhile, household deposits edged up to SEK 2,974 billion from SEK 2,970 billion, with demand deposits accounting for 74% of total savings, or SEK 2,200 billion.

Indonesia’s loan growth rose 13.26% year-on-year in September 2026, following a 13.36% increase in August, marking the slowest growth since June. By usage, investment loans led the expansion, growing 23.2%, followed by working capital loans (11.89%) and consumer loans (4.86%). Meanwhile, undisbursed loan facilities stood at IDR 2,562.57 trillion, equivalent to 21.70% of total credit limits. Lending prospects are also supported by steady third-party fund growth of 8.22% year-on-year. The banking industry's liquid assets-to-deposits (AL/DPK) ratio stood at 24.08% in September, while the non-performing loan ratio stood at 2.11% (gross) and 0.84% (net). The central bank expects loan growth to reach 8–12% for the full year, reflecting its accommodative macroprudential stance to support the economy.

Japan’s bank lending grew by 5.3% year-on-year in September 2026, matching the downwardly revised figure for August and falling short of market expectations for a 5.5% rise. Outstanding loans at major, regional, and shinkin banks averaged JPY 681.97 trillion. Lending at major and regional banks rose 5.7%, easing from 5.8% in August, with major-bank lending growth slowing to 7.7% from 7.8%, while regional-bank lending growth stood at 4.1%. Within regional banks, lending growth held steady at 4.5% for regional banks I, while growth at regional banks II eased to 1.9% from 2.0%. Meanwhile, lending by shinkin banks held steady at 2.0%, remaining at its strongest growth rate since early 2023. Foreign-bank lending growth slowed to 14.5% from 25.6% in August.

The value of outstanding loans from the Brazilian financial sector rose by 0.5% from the previous month to R$7.4 trillion in August 2026, accelerating from a 0.3% increase in July. Loans extended to corporations edged down 0.1% to R$2.7 trillion, while household lending rose 0.8% to R$4.7 trillion. On an annual basis, total credit expanded 9.2%, slightly below the 9.3% growth recorded in July. Household lending continued to outpace corporate credit, rising 10.5% year-on-year from 10.6%, while lending to legal entities slowed to 7.1% from 7.3%. Meanwhile, credit with free resources totaled R$4.1 trillion, up 0.2% from the previous month and 6.5% from a year earlier, as a 0.8% monthly increase in household credit offset a 0.6% decline in corporate lending, which nevertheless remained 0.5% higher than a year earlier.

The annual growth of total credit extended to the Greek economy stood at 3.5% in August 2026, unchanged from the previous month. Bank lending remained negative at €38 million, although this represented a partial recovery from last month’s sharply negative net flow of €3.89 billion. The improvement was driven by higher lending to the private sector, which rebounded to a net inflow of €478 million from a €2.52 billion net outflow in the previous month, although the pace of decline quickened to 2.4% from 2%. Meanwhile, credit to the general government partially recovered to a net outflow of €516 million from €1.37 billion in the previous month, while annual growth accelerated to 7.1% from 6.7%.

Bank lending to Eurozone households rose 3.1% year-on-year to €7.26 trillion in August 2026, the same as in July and missing market expectations of 3.2%. Business lending also slowed to 4.2% from 4.4%. Overall private-sector credit growth, covering households and non-financial corporations, accelerated to 4.3% from 4.1% in July, reaching its highest level since February 2023.

The annual growth rate of lending to Swedish households held at 3.3% in August 2026, unchanged from July and remaining at its highest level since December 2022. Housing loans, which accounted for 83% of total household credit, grew 3.5%, while consumer loans, representing 6%, increased 1.4%. Meanwhile, lending to non-financial corporations expanded 3.9%. Borrowing costs remained broadly lower, with the average interest rate on new housing loan agreements steady at 2.78%, while the average floating mortgage rate edged down to 2.73% from 2.74%. The average fixed rate for new housing loans with maturities of one to five years rose to 3.18% from 3.15%, while rates for maturities above five years increased to 3.34% from 3.21%. Total household deposits edged up to SEK 2,970 billion from SEK 2,967 billion, with demand deposits accounting for 74% of savings at SEK 2,202 billion.

Norway’s general public domestic loan debt rose by 4.5% year-on-year to NOK 8.05 trillion at the end of August 2026, following an eight-month low of 4.3% growth in the previous month. Lending growth to non-financial corporations increased to 4.8% from 4.0%, reaching NOK 2.42 trillion, while household loan growth remained steady at 4.6%, totaling NOK 4.79 trillion. In contrast, municipal government loan debt growth eased to 3.0% from 3.4% a month earlier, reaching NOK 8.38 billion. On a seasonally adjusted annualized one-month basis, total loan debt for the general public grew by 5.3%, following a 3.8% increase in the prior period.

Indonesia’s loan growth rose 13.36% year-on-year in August 2026, following a 13.58% increase in July, which had marked the strongest pace since August 2014. By usage, the latest result was led by investment loans, followed by working capital and consumer loans. The positive lending trend was underpinned by Bank Indonesia’s continued optimisation of the Macroprudential Liquidity Incentive Policy (KLM), with incentives reaching Rp461.2 trillion as of early September. Lending appetite also remained firm, while strong banking resilience continued to provide room for credit expansion. The central bank expects loan growth to reach 8–12% for the full year, reflecting its accommodative macroprudential stance to support the economy.

Japan’s bank lending rose by 5.4% year-on-year in August 2026, falling short of market expectations for a 5.5% gain and unchanged from the previous month. Outstanding loans at major, regional, and shinkin banks averaged JPY 680.3 trillion, up from JPY 679.2 trillion in July. Lending at major and regional banks increased 5.8%, easing from 5.9% in July, with major-bank lending growth steady at 7.9%, while regional-bank lending slowed to 4.1% from 4.2%. Within regional banks, lending growth accelerated to 4.6% for regional banks I from 4.5%, while growth at regional banks II eased to 2.0% from 2.4%. Meanwhile, lending by shinkin banks accelerated to 2.0% from 1.9%, marking its strongest growth since early 2023. Foreign-bank lending growth also remained strong at 25.6%, though easing from 28.3% in July.

The value of outstanding loans from the Brazilian financial sector edged up by 0.3% from the previous month, remaining at R$7.4 trillion in July 2026, slowing from a 0.7% increase in June. Loans extended to corporations fell 0.7%, remaining at R$2.7 trillion, while household lending edged up 0.8%, also remaining broadly unchanged at R$4.6 trillion. On an annual basis, total credit expanded 9.5%, down from the 9.7% growth recorded in June. Household lending continued to outpace corporate credit, rising 10.8% year-on-year, while lending to legal entities slowed further to 7.4% from 7.9%. Meanwhile, credit with free resources totaled R$4.2 trillion, broadly unchanged from the prior month, although the level edged 0.1% downward from the previous month and increased 7% from a year earlier. Stronger household credit with free resources (up 1%) offset a monthly decline of 1.9% in corporate lending. Nevertheless, both remained higher than a year earlier.

The annual growth of total credit extended to the Greek economy slowed to 3.4% in July 2026, down from 5.0% in June and marking its weakest pace since September 2024. Bank lending also recorded a significant monthly reversal, with the net flow of total credit turning negative at €3.96 billion, compared with a positive €3.50 billion a month earlier. Credit to the general government accounted for part of the decline, with a net outflow of €1.37 billion following a €213 million inflow in June. As a result, the annual growth rate of government credit fell to -2.0% from 0.4%. Lending to the private sector also lost momentum, with annual growth easing to 6.8% from 7.7%. The monthly flow of private-sector credit was negative by €2.59 billion, reversing a €3.29 billion increase in June.

Bank lending to Eurozone households rose 3.1% year-on-year to €7.24 trillion in July 2026, accelerating from 3.0% in June and beating market expectations of 2.9%. Household credit demand grew at its fastest pace since February 2023. Business lending also strengthened, rising 4.4% in July, the fastest pace in three years. Overall private-sector credit growth, covering households and non-financial corporations, accelerated to 4.1% from 3.8% in June, reaching its highest level since February 2023.

The annual growth rate of lending to Swedish households edged up to 3.3% in July 2026 from 3.2% in the previous month, marking its highest level since December 2022. Housing loans, which accounted for 83% of total household credit, expanded by 3.4%, while consumer loans, representing 6% of the total, grew by 1.3%. Meanwhile, credit extended to non-financial corporations also rose by 3.5%. Overall borrowing costs continued to ease across the board, with the average interest rate on new housing loan agreements declining to 2.78% from 2.80% in June and the average floating mortgage rate ticking lower to 2.74% from 2.75%. The average fixed rate on new housing loans with maturities between one and five years dropped to 3.15% from 3.21%, while those with maturities over five years fell to 3.21% from 3.30%. Total household deposits contracted to SEK 2,967 billion from SEK 2,983 billion in June, with demand deposits accounting for 74% of total savings at SEK 2,206 billion.

Norway’s general public domestic loan debt rose by 4.3% year-on-year to NOK 8.01 trillion at the end of July 2026, easing slightly from a 4.4% increase in the previous month. Lending growth to non-financial corporations eased to 4.0% from 4.1% in June, reaching NOK 2.41 trillion, while that to municipal government moderated to 3.4% from 3.7%, totaling NOK 836.6 billion. Meanwhile, household loan debt rose by 4.6% to NOK 4.77 trillion, following a 4.7% increase in June. On a seasonally adjusted annualized one-month basis, total loan debt for the general public grew by 4.3%, easing from a 4.4% rise in the prior period.

Indonesia's loan growth increased by 13.58% year-on-year in July 2026, accelerating from a 12.67% rise in the previous month and marking the strongest pace since August 2014. The acceleration was supported by accommodative macroprudential policies, continuously pursued through the optimization of the Macroprudential Liquidity Incentive (KLM) policy to encourage increased bank lending and financing to priority sectors. As of the first week of August 2026, KLM incentives obtained by banks totaled IDR 446.5 trillion. The growth was also supported by the banking sector's high Capital Adequacy Ratio, which stood at 23.70% in June 2026. Meanwhile, the aggregate banking non-performing loan ratio remained low at 2.09% (gross) and 0.82% (net) in June 2026. The ratio of liquid assets to third-party funds remained stable at 23.10% in July 2026.