Statistical press release - Banking interest rates on new loans and deposits - August 2018
Today, Banco de Portugal publishes statistics, in Table A.10 of the Statistical Bulletin and in BPstat, on banking interest rates on new loans and deposits of non-financial corporations and households for August 2018.
Interest rates on new loans
In August 2018 the average interest rate on new loans granted to non-financial corporations was 2.36% (2.37% in July).
The interest rate on operations above €1 million declined by 20 basis points (b.p.) to 1.84% (Chart 1), while rising by 7 b.p. to 2.75% on operations below €1 million.
The average interest rate on new loans to households for house purchase increased by 1 b.p. to 1.36% (Chart 2). In loans for consumption and other purposes the average interest rates were 7.04% and 4.07% respectively (7.07% and 3.91% in July).
The volumes of new loans for house purchase, consumption and other purposes totalled €810 million, €404 million and €136 million respectively.
Interest rates on new deposits
In August 2018 the average interest rate on new deposits with a maturity of up to one year of non-financial corporations stood at 0.12%, declining by 2 b.p. from the previous month (Chart 3). In the case of households, the average interest rate on new deposits with a maturity of up to one year remained unchanged at 0.13% (Chart 4).
Next update: 13 Nov. 2018