The interest rate spread between new deposits and loans decreased to 5.07 percentage points.
- In September 2024, the weighted average interest rate on outstanding amounts of deposits remained almost unchanged at 0.52%, while the corresponding rate on loans decreased to 5.97%.
- The interest rate spread between outstanding amounts of deposits and loans decreased to 5.45 percentage points.
Interest rates on euro-denominated new deposits and loans
New Deposits
The weighted average interest rate on new deposits remained unchanged at 0.54%, compared with the previous month.
In particular, the average interest rate on overnight deposits placed by households remained almost unchanged at 0.03%, while the corresponding rate on deposits placed by non-financial corporations stood at 0.19% compared with 0.16% in the previous month.
The average interest rate on deposits from households with an agreed maturity up to 1 year remained almost unchanged at 1.86%, while the corresponding rate on deposits from non-financial corporations remained unchanged at 2.98%.
New Loans
The weighted average interest rate on new loans to households and non-financial corporations decreased by 23 basis points to 5.61%.
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 6 basis points to 14.87%.
The average interest rate on consumer loans with a defined maturity at a floating rate decreased by 40 basis points to 12.04%, while the average interest rate on housing loans at a floating rate decreased by 18 basis points to 4.28%.
The average interest rate on corporate loans without a defined maturity decreased by 14 basis points to 6.29%. The corresponding rate on loans to sole proprietors decreased by 9 basis points to 7.31%.
The average interest rate on new corporate loans with a defined maturity at a floating rate decreased by 33 basis points to 5.25%. The average interest rate on loans with a defined maturity at a floating rate to small and medium-sized enterprises (SMEs) decreased by 10 basis points to 5.57%.
As regards the structure of interest rates according to the size of loans granted, the average rate on loans of up to €250,000 increased by 23 basis points to 6.04%, on loans of over €250,000 and up to €1 million it decreased by 9 basis points to 5.55%, while on loans of over €1 million it decreased by 32 basis points to 5.21%.
