All loans to corporations
According to the announcement of the European Central Bank, the interest rate on new loans of over €1 million with a floating rate and an initial rate fixation period of up to three months decreased by 6 basis points to 1.19%, driven by both the interest rate and the weight effects.
The rate on new loans of the same size with an initial rate fixation period of over three months and up to one year fell by 5 basis points to 1.12%, driven by the interest rate effect. The interest rate on new loans of over €1 million with an initial rate fixation period of over ten years increased by 16 basis points to 1.81%.
This increase was mainly due to developments in one euro area country and was driven by the interest rate effect. In the case of new loans of up to €250,000 with a floating rate and an initial rate fixation period of up to three months, the average rate charged rose by 12 basis points to 1.89%. This increase was due to developments in one euro area country and was driven by the interest rate effect.
New deposit agreements for corporations
As regards new deposit agreements, the interest rate on deposits from corporations with an agreed maturity of up to one year stayed constant at -0.31% in April 2022. The interest rate on overnight deposits from corporations stayed constant at -0.04%.
The interest rate on new loans to sole proprietors and unincorporated partnerships with a floating rate and an initial rate fixation period of up to one year increased by 22 basis points to 2.13%. This increase was due to developments in three euro area countries and was driven by the interest rate effect.
Household loans
The composite cost-of-borrowing indicator, which combines interest rates on all loans to households for house purchase, increased. This increase was mainly due to developments in one euro area country and was driven by the interest rate effect in April 2022.
The interest rate on loans for house purchase with a floating rate and an initial rate fixation period of up to one year remained broadly unchanged at 1.43%. The rate on housing loans with an initial rate fixation period of over one and up to five years rose by 19 basis points to 1.72%. This increase was mainly due to developments in two euro area countries and was mainly driven by the interest rate effect.
The interest rate on loans for house purchase with an initial rate fixation period of over five and up to ten years increased by 23 basis points to 1.77%. This increase was due to developments in two euro area countries and was driven by the interest rate effect.
The rate on housing loans with an initial rate fixation period of over ten years rose by 11 basis points to 1.58%. This increase was mainly due to developments in one euro area country and was driven by the interest rate effect.
In the same period the interest rate on new loans to households for consumption increased by 16 basis points to 5.42%. This increase was mainly due to developments in one euro area country and was driven by the interest rate effect.
New deposits from households
As regards new deposits from households, the interest rate on deposits with an agreed maturity of up to one year and the one on deposits redeemable at three months' notice showed no change at 0.18% and 0.47%, respectively. The interest rate on overnight deposits from households stayed constant at 0.01%.
