The association said 91% of the loans, or EUR465.3 million, were personal consumer loans, while or EUR36 million were for industrial acquisitions, and 2% went into car acquisitions.

Personal loans accounted for 52% of the personal consumer loan segment, while revolving loans (including credit cards) accounted for 36%, and POS loans accounted for 12%.

Of the total financing for car acquisitions, 93% of loans were for new cars and the remainder for second hand vehicles.

About half of the loans granted (52%) were of maximum EUR1,000, nearly one third (30%) were between EUR1,000 and EUR5,000, 9% were between EUR5,000 and EUR10,000 and another 9% topped EUR10,000.

By age groups, 28% of consumer loans went to people aged 35 to 45, 28% to people aged over 55, 21% to people aged 45 to 55, 19% to people aged 25 to 35, and 4% to people under 25, the association said, adding loans were granted equally to men and women, of whom 60% were married.