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- BANK OF GREECE-Interest rates on bank deposits and loans: September 2022
BANK OF GREECE-Interest rates on bank deposits and loans: September 2022
By The weighted average interest rate on new deposits remained unchanged at 0.04% in
The interest rate differential between new deposits and loans increased to 4.56 percentage points.
The weighted average interest rate on outstanding deposits remained virtually unchanged at 0.04%, while the weighted average interest rate on outstanding loans increased to 3.95%.
The interest rate differential between outstanding 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%.
In particular, average interest rates on overnight deposits placed by households and non-financial corporations remained unchanged at 0.03% and 0.01%, respectively. The average interest rate on household deposits with a duration of less than or equal to 1 year increased to 0.14% against 0.11% 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 stand at 4.60%.
More specifically, the average interest rate for consumer loans with no defined maturity (a category that includes credit cards, revolving loans and overdrafts) remained unchanged at 14.11%.
The average interest rate on variable-rate fixed-term consumer loans fell by 24 basis points to 10.96%. The average interest rate on variable rate mortgages increased by 49 basis points to 3.50%.
The average interest rate on new business loans with no defined maturity increased by 45 basis points to 4.37%. The matching rate on loans to individual entrepreneurs increased by 15 basis points to 6.62%.
In
With regard to the structure of interest rates according to the amount of loans granted, the average loan rate of up to
2. Interest rates on outstanding amounts of euro-denominated deposits and loans
Deposits
The weighted average interest rate on outstanding deposits (including sight deposits) remained virtually unchanged at 0.04%.
In particular, the average interest rate on outstanding deposits with a duration of less than or equal to 2 years placed by households remained virtually unchanged at 0.09%, while the corresponding rate on deposits from non-financial corporations rose 4 basis points to 0.16%. .
Loans
The weighted average interest rate on outstanding loans increased by 31 basis points to 3.95%.
In particular, the average interest rate on outstanding home loans over 5 years increased by 43 basis points to 2.73%. The corresponding rate on consumer and other loans to individuals and private non-profit institutions increased by 17 basis points to 6.64%.
The average interest rate on business loans over 5 years increased by 22 basis points to 3.37%. The matching rate on loans to sole proprietors increased by 33 basis points to 4.72%.
Table 1: Average interest rates on new deposits and loans denominated in euros (percentages per year)
DEPOSITS
Household overnight stay
0.03
0.03
0.03
Overnight of non-financial corporations
0.01
0.01
0.01
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 defined maturity
14.13
14.11
14.11
Company without defined maturity
3.76
3.92
4.37
Individual entrepreneurs with no defined maturity
6.37
6.47
6.62
Variable rate housing
2.84
3.01
3.50
Consumer with a defined variable rate maturity
11:33 am
11:20 a.m.
10.96
Corporate with defined maturity at variable rate:
2.57
3.00
3.97
amounts up to
4.63
4.73
5.31
more quantities
3.60
3.58
4.18
more quantities
2.52
2.84
3.93
Variable Rate Small and Medium Business Fixed Term Loans
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 deposits and loans denominated in euros (percentages per year)
DEPOSITS
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 more than 5 years of maturity
2.15
2h30
2.73
Consumer loans and others to individuals and private non-profit institutions with a duration of more than 5 years
6.39
6.47
6.64
Company with more than 5 years of maturity
3.11
3.15
3.37
Sole proprietors with a maturity of more than 5 years
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
Remarks:
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 full set of data on interest rates on bank deposits and loans is published in the sub-section “Interest rates on bank deposits and loans” on the
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