BANK OF GREECE
The weighted average interest rate on new deposits remained almost unchanged at 0.02% in
The interest rate spread between new deposits and loans decreased to 3.84 percentage points.
The weighted average interest rate on outstanding amounts of deposits remained unchanged at 0.03%, while the weighted average interest rate on outstanding amounts of loans remained almost unchanged at 3.46%.
The interest rate spread between outstanding amounts of deposits and loans remained almost unchanged at 3.43 percentage points.
1. Interest rates on euro-denominated new deposits and loans
New Deposits
The weighted average interest rate on new deposits remained almost unchanged at 0.02%.
In particular, the average interest rates on overnight deposits placed by households and by non-financial corporations remained unchanged at 0.02% and 0.00% respectively. The average interest rate on deposits from households with an agreed maturity of up to 1 year remained almost unchanged at 0.12%, compared with the previous month.
New Loans
The weighted average interest rate on new loans to households and non-financial corporations decreased by 28 basis points to 3.86%.
More specifically, the average interest rate on consumer loans without a defined maturity (a category that comprises credit cards, revolving loans and overdrafts) decreased by 43 basis points to 14.19%.
The average interest rate on consumer loans with a defined maturity at a floating rate decreased by 5 basis points to 11.00%. On the contrary, the average interest rate on housing loans at a floating rate increased by 25 basis points to 2.65%.
The average interest rate on new corporate loans without a defined maturity decreased by 6 basis points to 3.77%. The corresponding rate on loans to sole proprietors also decreased by 16 basis points to 6.35%.
In
As regards the structure of interest rates according to the size of loans granted, the 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 unchanged at 0.03%.
In particular, the average interest rate on outstanding amounts of deposits with an agreed maturity of up to 2 years placed by households remained unchanged at 0.08%, while the corresponding rate on deposits by non-financial corporations remained almost unchanged at 0.11%.
Loans
The weighted average interest rate on outstanding amounts of loans remained almost unchanged at 3.46%.
In particular, the average interest rate on outstanding amounts of housing loans with over 5 years' maturity remained almost unchanged at 1.96%. The corresponding rate on consumer and other loans to individuals and private non-profit institutions decreased by 5 basis points to 6.29%. The average interest rate on corporate loans with over 5 years' maturity remained almost unchanged at 2.99%, while the corresponding rate on loans to sole proprietors decreased by 5 basis points to 4.20%.
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.
(C) 2022 Electronic News Publishing, source
