The interest rate spread between new deposits and loans increased to 5.75 percentage points. In November 2023, the weighted average interest rates on outstanding amounts of deposits and loans remained almost unchanged at 0.48% and at 6.40% respectively. The interest rate spread between outstanding amounts of deposits and loans remained almost unchanged at 5.92 percentage points.
New Deposits
The weighted average interest rate on new deposits increased by 4 basis points to 0.50%, compared to the previous month.
In particular, the average interest rate on overnight deposits placed by households remained unchanged at 0.03%, while the corresponding rate on deposits by non-financial corporations increased by 4 basis points to 0.22%.
The average interest rate on deposits from households with an agreed maturity of up to 1 year remained almost unchanged at 1.79%. The corresponding rate on deposits by non-financial corporations increased by 8 basis points to 3.14%.
New Loans
The weighted average interest rate on new loans to households and non-financial corporations increased by 8 basis points to 6.25%.
More specifically, the average interest rate on consumer loans without a defined maturity (a category that comprises credit cards, revolving loans and overdrafts) increased by 6 basis points to 14.96%.
The average interest rate on consumer loans with a defined maturity at a floating rate remained almost unchanged at 12.61%, while the average interest rate on housing loans at a floating rate remained unchanged at 5.10%.
The average interest rate on corporate loans without a defined maturity remained almost unchanged at 6.87%. The corresponding rate on loans to sole proprietors remained also almost unchanged at 7.77%.
In November 2023, the average interest rate on new corporate loans with a defined maturity at a floating rate increased by 11 basis points to 6.04%. The average interest rate on loans with a defined maturity at a floating rate to small and medium-sized enterprises (SMEs) increased by 26 basis points to 6.23%.
