This credit drop to this segment represents a reduction of 9% in the portfolio, having gone from €120,805 million in December 2016 to slightly less than 110,000 million at the end of 2017. This is almost equivalent to one fifth of the total credit to companies, which in the last financial year was of near €590,000 million.
The credit to real estate companies has already 8 years of continuous decline. Thus, since 2009, the year in which this portfolio was the largest (€323,000 million), the total credit drop stood at 66%.