The weighted average interest rate on new deposits remained unchanged at 0.04{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} in
The interest rate spread between new deposits and loans increased to 4.56 percentage points.
The weighted average interest rate on outstanding amounts of deposits remained almost unchanged at 0.04{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}, while the weighted average interest rate on outstanding amounts of loans increased to 3.95{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}.
The interest rate spread between outstanding amounts of deposits and loans increased to 3.91 percentage points.
1. Interest rates on euro-denominated new deposits and loans
New Deposits
The weighted average interest rate on new deposits remained unchanged at 0.04{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}.
In particular, the average interest rates on overnight deposits placed by households and non-financial corporations remained unchanged at 0.03{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} and 0.01{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} respectively. The average interest rate on deposits from households with an agreed maturity of up to 1 year increased to 0.14{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} from 0.11{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b} in the previous month.
New Loans
The weighted average interest rate on new loans to households and non-financial corporations increased by 60 basis points to 4.60{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}.
More specifically, the average interest rate on consumer loans without a defined maturity (a category that comprises credit cards, revolving loans and overdrafts) remained unchanged at 14.11{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}.
The average interest rate on consumer loans with a defined maturity at a floating rate decreased by 24 basis points to 10.96{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}. The average interest rate on housing loans at a floating rate increased by 49 basis points to 3.50{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}.
The average interest rate on new corporate loans without a defined maturity increased by 45 basis points to 4.37{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}. The corresponding rate on loans to sole proprietors increased by 15 basis points to 6.62{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}.
In
As regards the structure of interest rates according to the size of loans granted, the average rate on loans of up to
2. Interest rates on outstanding amounts of euro-denominated deposits and loans
Deposits
The weighted average interest rate on outstanding amounts of deposits (including overnight deposits) remained almost unchanged at 0.04{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}.
In particular, the average interest rate on outstanding amounts of deposits with an agreed maturity of up to 2 years placed by households remained almost unchanged at 0.09{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}, while the corresponding rate on deposits from non-financial corporations increased by 4 basis points at 0.16{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}.
Loans
The weighted average interest rate on outstanding amounts of loans increased by 31 basis points to 3.95{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}.
In particular, the average interest rate on outstanding amounts of housing loans with over 5 years’ maturity increased by 43 basis points to 2.73{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}. The corresponding rate on consumer and other loans to individuals and private non-profit institutions increased by 17 basis points to 6.64{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}.
The average interest rate on corporate loans with over 5 years’ maturity increased by 22 basis points at 3.37{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}. The corresponding rate on loans to sole proprietors increased by 33 basis points to 4.72{797b2db22838fb4c5c6528cb4bf0d5060811ff68c73c9b00453f5f3f4ad9306b}.
Table 1: Average interest rates on new euro-denominated deposits and loans (percentages per annum)
DEPOSITS
Overnight from households
0.03
0.03
0.03
Overnight from non-financial corporations
0.01
0.01
0.01
From households with an agreed maturity of up to 1 year
0.13
0.11
0.14
Weighted average rate on all deposits
0.04
0.04
0.04
LOANS
Consumer without a defined maturity
14.13
14.11
14.11
Corporate without a defined maturity
3.76
3.92
4.37
To sole proprietors without a defined maturity
6.37
6.47
6.62
Housing at a floating rate
2.84
3.01
3.50
Consumer with a defined maturity at a floating rate
11.33
11.20
10.96
Corporate with a defined maturity at a floating rate:
2.57
3.00
3.97
amounts of up to
4.63
4.73
5.31
amounts of over
3.60
3.58
4.18
amounts of over
2.52
2.84
3.93
Loans with a defined maturity to small and medium-sized enterprises at a floating rate
3.62
3.51
4.17
Weighted average rate on all loans
3.71
4.00
4.60
Interest rate spread
3,67
3.96
4.56
Table 2: Average interest rates on outstanding amounts of euro-denominated deposits and loans (percentages per annum)
DEPOSITS
From households with an agreed maturity of up to 2 years
0.08
0.08
0.09
From non-financial corporations with an agreed maturity of up to 2 years
0.10
0.12
0.16
Weighted average rate on all deposits
0.03
0.03
0.04
LOANS
Housing with over 5 years’ maturity
2.15
2.30
2.73
Consumer and other loans to individuals and private non-profit institutions with over 5 years’ maturity
6.39
6.47
6.64
Corporate with over 5 years’ maturity
3.11
3.15
3.37
To sole proprietors with over 5 years’ maturity
4.26
4.39
4.72
Weighted average rate on all loans
3.56
3.64
3.95
Interest rate spread
3,53
3.61
3.91
Notes:
1. The interest rate spread is the difference between the weighted average rate on all loans and the weighted average rate on all deposits.
2. For the calculation of the weighted average interest rate on all outstanding deposits the overnight deposits are also taken into account.
3. Loans at a floating rate comprise also loans with an initial rate fixation period of up to one year.
4. New business refers to new contracts that were agreed during the reference month and not actual loan disbursements.
Related information:
The complete data set of bank deposit and loan interest rates is published in the sub-section ‘Bank deposit and loan interest rates’ on the
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