BDE adjusts household loan coverage in financial statistics

The Banco de España has implemented a change in the coverage of 'Loans to Households – Other Purposes' within its financial accounts statistics, effective with April 2026 data.

This adjustment, announced via Circular 1/2025, specifically reclassifies 'advances other than loans'—such as interest-free salary and pension advances—from the 'Loans to Households – Other Purposes' instrument to 'Other Assets.'

This reclassification impacts 'Financing Indicators for Non-Financial Sectors' (Table 3.19) and 'Financing Indicators for Households and NPISHs' (Table 3.21), affecting both outstanding amounts and transaction reporting from April 2026 onwards.

The aim is to refine the accuracy of loan classifications by distinguishing between actual loans and short-term, non-interest-bearing financial assets with negligible credit risk.

For accurate year-on-year growth rate calculations from April 2026, the Banco de España has retroactively adjusted historical data.

The reclassified category is excluded from the April 2025 outstanding amount, which forms the base for these calculations.

This is essential as growth rates are derived from net transactions over the preceding twelve months relative to the outstanding amount one year prior.

As a result, the adjusted April 2025 figure differs from Table 3.21. Users calculating net transactions from reported outstanding amounts and growth rates between April 2026 and March 2027 would obtain incorrect values without accounting for this methodological adjustment.