Loans and credits increased almost 18% in 2022 February 27, 2023
Loan and credit contracting grew by almost 18% in 2022, according to data from Cofidis.
The granting of financial loans and credits grew by 17.63% in 2022 compared to the previous year, according to data from the financial institution Cofidis. The current context of crisis that is shaking domestic economies has resulted in an increase in the financing needs of citizens.
The financial institution has made a internal comparative study between provinces on the behavior of Spaniards regarding loans, taking into account marital status, sex, age and employment situation.
Madrid and Barcelona are the ones that ask the most
According to this study, 7% of the requests came from the provinces of Madrid and Barcelona. Taking into account the variations compared to 2021, the provinces with largest increase were Soria, with 30% more requests; Palencia, with an increase of 20%, and Melilla, with +17%. those of lower demand were Ceuta, with a fall of 5%and Las Palmas and Santa Cruz, with -4% each.
By generations or age groups, the range that made the most requests was the generation Xthose who are between 42 and 58 years old, with a 34% of requests. They are followed with 30% by millennials, between 30 and 41 years old, and boomers, between 59 and 78 years old, with 26% of applications.
Regarding the employment situation, employees and retirees They were the groups that came first in the ranking, while students and pensioners were in the queue of requests.
Regarding marital status, the majority of loans granted were for married people, 45%, followed by singles with 39% and, finally, for separated, with 15%. In addition, men contracted more financing products than women. In the case of the former, those who most resorted to financial solutions were the married, while in them it was separated women.
The loans and credits were requested mainly for pmake purchases in installments, make home renovations, finance consumption needs, buying cars, dental treatments and, finally, trips and celebrations. Coinciding with the summer holidays, August was the month in which the most contracts were made.
*For more information: cofidis.es/es/
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23.02.2023
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