The goal is to ensure that at any given moment banks’ balance sheets accurately reflect the real value of their assets. In 2012, Banco de Portugal ran a detailed assessment of the construction and real estate sectors’ credit portfolios.
The exercise covered exposure to entities operating directly in the construction and real estate sectors, exposure to holdings of those entities, to tourism sector entities, to entities whose activities have close links to the construction sector and to entities belonging to the same economic group. The credit portfolio assessed amounted to € billion, representing 16% of total assets.