Business

Time deposits and housing loans hit record highs in July

New time deposits reached 13.7 billion euros while housing loans totaled 2.345 billion euros, both record figures.

2 September 2026Tagblick Newsdesk

AI-generatedWritten by an AI system, editorially responsible — how we work

Archive photo: Time deposits and housing loans hit record highs in July — Archive photoPhoto: Rakoon · Wikimedia Commons · CC BY 3.0

In July, the volume of new time deposit operations by households increased by 1.7 billion euros, bringing the total to 13.7 billion. This is the highest amount ever recorded, according to information from the Bank of Portugal. Additionally, the average interest rates on time deposits have risen for the sixth consecutive month.

At the same time, new housing loan contracts also reached a new record, with an increase of 166 million euros, totaling 2.345 billion euros. This figure represents the highest point in the historical series for this type of loan.

The growth in both time deposits and housing loans reflects changes in consumer attitudes and dynamics in the financial market. However, the exact reasons for these variations were not detailed in the sources.

The improvement in time deposits can be attributed to the increase in rates offered by banks, a trend that has been observed over the past few months. The profitability of deposits has become a greater attraction for households.

In contrast, the rise in housing loans may indicate a growing demand for housing or more favorable credit conditions. This phenomenon has also been highlighted by several financial institutions, which reported significant interest in this segment.

Thus, July marked an important month for both sectors, showcasing an evolving financial dynamic in Portugal with potential implications for the future of the credit and savings market.

This item was written by an AI system on the basis of the headlines and short teasers of the independently operating newsrooms named below. We disclose this under Art. 50(4), second subparagraph, of Regulation (EU) 2024/1689 (AI Act). Before publication we check origin and verifiability — anything that appears in only one place is not published — as well as language, substance and legally sensitive content. No separate substantive review of each individual item by a natural person takes place; we therefore do not rely on the exemption in Art. 50(4), second subparagraph, of the AI Act. Editorial responsibility for this publication rests with the person named in the imprint (§ 18 Abs. 2 MStV). Please report errors to [email protected] — we will correct or remove the item. Full reports are available from the sources listed.