Faroe Islands

Business Credit

6.16
billion currency units
Oct 13Apr 14Oct 14Apr 15Oct 15Apr 16Oct 16Apr 17Oct 17Apr 18Oct 18Apr 19Oct 19Apr 20Oct 20Apr 21Nov 21Aug 220.000150.00300.00450.00600.00
  • Faroe Islands
  • Global Median
Source: IMF

Definition of Business Credit

Business credit includes credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms. Included are all credit institutions: domestic and foreign owned as well as private and public ones.

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