The debt of households and businesses remains at €60 billion at the end of September 2025, according to data announced by the Central Bank on Friday, marking a significant annual decrease.
According to the data, household assets in financial instruments amounted to €63.0 billion at the end of September 2025, of which 53% are cash, deposits and loans, 3% are securities, 26% are shares and 18% are other financial assets. Their debt amounted to €19.9 billion at the end of September 2025, with the relative debt ratio standing at 55% of Gross Domestic Product (GDP), unchanged from the previous quarter. Compared to December 2016, the household debt index shows a noticeable decrease of 62%.
The corresponding assets of non-financial companies amounted to €75.0 billion with a ratio of 21% in cash and deposits, 6% in loans, 0.6% in securities, 39% in shares and 33% in other financial assets. The sector’s debt at the end of September 2025 amounted to €39.8 billion with the debt ratio at 111% of GDP, marking a marginal decrease compared to the previous quarter. Compared to December 2016, the debt index of non-financial companies shows a noticeable decrease of 96%.
Insurance companies, investment organizations and pension funds
The assets of insurance companies in terms of purely financial instruments amounted to €6.1 billion and are distributed as follows: 6% in cash and deposits, 2% in loans, 28% in securities, 45% in shares and 18% in other financial assets.
Accordingly, investment organizations have assets in financial instruments of €7.4 billion invested 5% in cash and deposits, 14% in loans and securities, 79% in shares and 2% in other financial assets.
Investments in financial instruments of pension funds amounted to €4.9 billion and mainly concern cash and deposits at a rate of 15%, 14% in loans, 6% in securities, 56% in shares and 10% in other financial assets.