31.06.2022
Liabilities as a percentage of gross domestic product (debt ratio) for households have fallen by almost 30% and for non-financial corporations by 57% over the past five years, the central bank said in a statement regarding the quarterly financial reports it released on Monday.
In particular, household assets in financial assets at the end of December 2021 amounted to 57.9 billion euros, of which 61% are in cash, deposits and loans, 2% in securities, 20% in shares and 17% in other financial instruments. Their debt stood at € 20.1bn at the end of December 2021, with a corresponding debt ratio of 86% of GDP, indicating a slight quarter-on-quarter decline due to GDP growth. However, compared to December 2016, the household debt ratio shows a significant decrease to 30%.
Similarly, eligible non-financial corporate assets amounted to €65.7 billion , with a ratio of 17% in cash and deposits, 5% in loans, 1% in securities, 48% in equities and 29% in other financial instruments. The sector’s debt at the end of December 2021 was 36.2 billion euros, with a debt ratio of 155% of GDP, recording a slight decline compared to the previous quarter, mainly due to GDP growth. However, compared to December 2016, the debt ratio of non-financial corporations shows a significant decrease to 57%.
The assets of insurance corporations also show a slight increase, which in terms of purely financial instruments amounted to 4.3 billion euros and is distributed as follows: 11% in cash and deposits, 3% in loans, 24% in securities, 49% in shares. and 14% in other financial data.
Accordingly, investment funds have assets in financial instruments of 8.2 billion euros, invested 5% in cash and deposits, 13% in loans and securities, 80% in shares and 3% in other financial instruments.
Investments in financial instruments of pension funds amounted to 3.9 billion euros and mainly relate to cash and deposits at a rate of 26%, 15% loans, 3% securities, 44% shares and 11% other financial instruments.
