Belgium’s Central Individual Credit Register Reports Stable Trends in Borrowing and Defaults

The Microeconomic Information Department of Belgium has released its latest data from July 2023, providing insights into the nation’s borrowing and credit trends. The report is based on the data collected by the Central Individual Credit Register, shedding light on key figures and detailed statistics.

Borrowing Trends: The data indicates a stable borrowing landscape, with a marginal decrease in the number of borrowers with at least one outstanding credit from 2022 to 2023, dropping by 1.0%. The number of borrowers with at least one overdue credit also saw a decline of 4.7%. The percentage of defaulting borrowers decreased from 4.5% to 4.3%.

Loan Trends: The total number of outstanding loans decreased by 2.0%, reflecting a cautious borrowing environment. Consumer credit decreased by 3.1%, whereas mortgage loans experienced a minor increase of 0.2%.

Default Trends: The amount of overdue credits decreased by 4.6% compared to the previous year. While consumer credit saw a decrease of 4.5% in overdue credits, mortgage loans reported a decline of 6.5%.

Collective Debt Settlements: Collective debt settlement procedures showed a significant decrease of 10.2% in total ongoing procedures. However, new requests for collective debt settlements increased by 4.4% in the current year.

The report also presents detailed tables and charts illustrating these trends, offering valuable insights into the economic health of the nation’s credit landscape. The Microeconomic Information Department aims to provide accurate and up-to-date information to support informed financial decision-making across Belgium.

For more information and in-depth analysis, interested parties are encouraged to contact the Central Individual Credit Register or visit their official website.