Bank Deposit and Loan Interest Rates: September 2022 | Market Screener

March 11, 2022 – Press Release

– The weighted average interest rate on new deposits remained at 0.04% in September 2022, while the weighted average interest rate on new lending increased to 4.60%.

– The interest rate differential between new deposits and loans widened to 4.56 points.

・The weighted average interest rate on the deposit balance remained almost unchanged at 0.04%, while the weighted average interest rate on the loan balance rose to 3.95%.

– The interest rate differential between deposits and loans has widened to 3.91 points.

1. Euro-denominated New Deposit and Lending Rates

new deposit
The weighted average interest rate on new deposits remained at 0.04%.

Notably, the average interest rates on overnight deposits by households and non-financial institutions remained unchanged at 0.03% and 0.01% respectively. The average interest rate on deposits from households with an agreed maturity of less than one year rose to 0.14% from 0.11% the previous month.

new loan
The weighted average interest rate on new loans to households and non-financial businesses increased by 60 basis points to 4.60%.

Specifically, the average interest rate on open-ended consumer loans (a category that includes credit cards, revolving loans and overdrafts) remained unchanged at 14.11%.

Average interest rates on variable rate consumer loans with fixed maturities fell 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 an undefined maturity rose 45 basis points to 4.37%. The corresponding interest rate on loans to sole proprietorships increased by 15 basis points to 6.62%.

In September 2022, the average interest rate for fixed maturity floating rate business loans increased by 97 basis points to 3.97%. The average interest rate on floating rate fixed maturity loans for small and medium enterprises (SMEs) increased by 66 basis points month-on-month to 4.17%.
Regarding the structure of interest rates according to loan size, the average interest rate for loans up to €250,000 increased by 58 basis points to 5.31% and for loans above €250,000 up to €1 million, an increase of 60 basis points. Did. Points stood at 4.18%, while loans over €1m rose 109 basis points to 3.93%.

2. Interest rates on euro-denominated deposits and loan balances

deposit
The weighted average interest rate on deposit balances (including overnight deposits) was broadly flat at 0.04%.

In particular, the average interest rate on deposit balances set by households with an agreed maturity of up to two years remained largely unchanged at 0.09%, while the corresponding interest rate on deposits from non-financial institutions increased by 4 basis points at 0.16%. .

loan
The weighted average interest rate on loan balances increased 31 basis points to 3.95%.

In particular, the average interest rate on mortgages with a maturity of more than five years increased by 43 basis points to 2.73%. The corresponding interest rate for consumer and other loans to individuals and private non-profits increased by 17 basis points to 6.64%.

The average interest rate on business loans with a maturity of more than five years increased by 22 basis points to 3.37%. The corresponding interest rate on loans to sole proprietorships increased by 33 basis points to 4.72%.

Table 1: Average interest rates for new Euro-denominated deposits and loans (per annum)

July 2022

August 2022

September 2022

deposit

accommodation from home

0.03

0.03

0.03

Accommodation from non-financial corporations

-0.01

0.01

0.01

From households with maturity within 1 year

0.13

0.11

0.14

Weighted average rate of all deposits

0.04

0.04

0.04

loan

Consumers with undefined maturity

14.13

14.11

14.11

Companies without defined maturity

3.76

3.92

4.37

For sole proprietorships with no expiration date

6.37

6.47

6.62

variable rate housing

2.84

3.01

3.50

Consumers with defined maturities at variable interest rates

11.33

11.20

10.96

Legal entities with defined maturities at floating rates:

2.57

3.00

3.97

– Amounts up to €250,000

4.63

4.73

5.31

– amounts exceeding €250,000 and up to €1 million;

3.60

3.58

4.18

– Amounts of €1 million or more

2.52

2.84

3.93

Floating rate fixed maturity loans for small businesses

3.62

3.51

4.17

Weighted average interest rate of all loans

3.71

4.00

4.60

interest rate spread

3,67

3.96

4.56

table 2: averageinterestpriceuponextraordinaryAmount of moneyof denominated in euros depositWhenLoan (annual rate)

July 2022

August 2022

September 2022

deposit

From households with maturity within 2 years

0.08

0.08

0.09

From a non-financial entity with an agreed maturity of up to two years

0.10

0.12

0.16

Weighted average rate of all deposits

0.03

0.03

0.04

loan

Housing with maturity of 5 years or more

2.15

2.30

2.73

Consumer and other loans for individuals and private nonprofits with a maturity of five years or more

6.39

6.47

6.64

Corporations with a maturity of 5 years or more

3.11

3.15

3.37

For sole proprietors with a maturity of 5 years or more

4.26

4.39

4.72

Weighted average interest rate of all loans

3.56

3.64

3.95

interest rate spread

3,53

3.61

3.91

Note:
1. Interest spread is the difference between the weighted average interest rate of all loans and the weighted average interest rate of all deposits.
2. Overnight deposits are also taken into account in calculating the weighted average interest rate on all outstanding deposits.
3. Variable rate loans include loans with an initial fixed rate period of up to 1 year.
4. New deals refer to new contracts agreed during the reference month and not actual disbursements.

Related information:
A complete dataset of bank deposit and lending rates is published on the Bank of Greece website, subsection “Bank deposit and lending rates”.

The next press release for October 2022 will be published on December 2, 2022, according to the release calendar on the Bank of Greece website.

Related Links:
Interest rates on bank deposits and loans

release calendar

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