BANK OF GREECE
Interest Rates on Bank Deposits and Loans:
1. INTEREST RATES ON EURO-DENOMINATED NEW DEPOSITS AND LOANS
In
New Deposits
The overall weighted average interest rate on all new deposits remained almost unchanged at 0.18%.
In particular, the average interest rate on overnight deposits placed by households remained almost unchanged at 0.08%, while the corresponding rate on deposits placed by non-financial corporations decreased to 0.12% from 0.15% in the previous month. The average interest rate on deposits from households with an agreed maturity of up to 1 year remained almost unchanged at 0.35%.
New Loans
The overall weighted average interest rate on all new loans to households and non-financial corporations remained unchanged at 4.34%.
More specifically, the average interest rate on consumer loans without a defined maturity (a category which comprises credit cards, open account loans and overdrafts) increased by 9 basis points to 14.60%.
The average interest rate on consumer loans with a defined maturity at a floating rate[1] increased by 25 basis points to 10.94%. The average interest rate on housing loans at a floating rate[2] decreased by 6 basis points to 2.78%.
The average interest rate on corporate loans without a defined maturity increased by 4 basis points to 4.74%. The corresponding rate on loans to sole proprietors increased by 3 basis points to 6.76%.
The average interest rate on corporate loans with a defined maturity at a floating rate[3] increased by 12 basis points to 3.58%, in
As regards to the structure of interest rates according to the size of the loans granted, the rate on loans of up to
2. INTEREST RATES ON OUTSTANDING AMOUNTS OF EURO-DENOMINATED DEPOSITS AND LOANS
In
Outstanding Deposits
The overall weighted average interest rate on outstanding amounts of all deposits (including overnight deposits) decreased by 3 basis points to 0.20%.
In particular, the average interest rates on outstanding amounts of deposits with an agreed maturity of up to 2 years placed by households and non-financial corporations decreased by 3 basis points to 0.44% and 0.52%, respectively. ?
Outstanding Loans
The overall weighted average interest rate on outstanding amounts of all loans remained almost unchanged at 3.98%.
In particular, the average interest rate on outstanding amounts of housing loans with over 5 years' maturity remained unchanged at 2.06%. The average interest rate on outstanding amounts of consumer loans[1] with over 5 years' maturity decreased by 5 basis points to 6.13%. The corresponding rate on corporate loans decreased by 8 basis points to 3.43%, while the average interest rate on outstanding amounts of loans to sole proprietors with over 5 years' maturity also decreased by 8 basis points to 4.38%.
Table 1: Average interest rates on new euro-denominated deposits and loans (percentages per annum)
DEPOSITS
Overnight from households
0.09
0.09
0.08
Overnight from non-financial corporations
0.15
0.15
0.12
From households with an agreed maturity of up to 1 year
0.39
0.36
0.35
Overall weighted average rate on all deposits
0.20
0.19
0.18
LOANS
Consumer without a defined maturity
14.47
14.51
14.60
Corporate without a defined maturity
4.78
4.70
4.74
To sole proprietors without a defined maturity
6.74
6.73
6.76
Housing at a floating rate[2]
2.91
2.84
2.78
Consumer with a defined maturity at a floating rate6
10.29
10.69
10.94
Corporate with a defined maturity at a floating rate6:
3.47
3.46
3.58
amounts of up to
4.92
4.75
4.76
amounts of over
3.84
3.64
3.85
amounts of over
3.31
3.33
3.51
Loans with a defined maturity to small and medium-sized enterprises at a floating rate6
3.84
3.78
3.71
Overall weighted average rate on all loans
4.32
4.34
4.34
Interest rate spread*
4.12
4.15
4.16
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
0.49
0.47
0.44
From non-financial corporations with an agreed maturity of up to 2 years
0.59
0.55
0.52
Overall weighted average rate on all deposits**
0.24
0.23
0.20
LOANS
Housing with over 5 years' maturity
2.06
2.06
2.06
Consumer and other with over 5 years' maturity
6.15
6.18
6.13
Corporate with over 5 years' maturity
3.51
3.51
3.43
To sole proprietors with over 5 years' maturity
4.49
4.46
4.38
Overall weighted average rate on all loans
4.04
4.00
3.98
Interest rate spread*
3.80
3.77
3.78
*The interest rate spread is the difference between the overall weighted average rate on all loans and the overall weighted average rate on all deposits.
**For the calculation of the overall weighted average rate on all deposits the overnight deposits are also taken into account.
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 website of the
Note: The next Press Release on 'Interest Rates on Bank Deposits and Loans' for
[1] Consumer loans at a floating rate comprise also loans with an initial rate fixation period of up to one year.
[2] Housing loans at a floating rate comprise also loans with an initial rate fixation period of up to one year.
[3] Corporate loans at a floating rate comprise also loans with an initial rate fixation period of up to one year and they account for 99.81% of the total.
[4] New business refers to new contracts that were agreed during the reference month and not actual loan disbursements.
[5] Including other loans to individuals and private non-profit institutions.
[6] Loans at a floating rate comprise also loans with an initial rate fixation period of up to one year.
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