Interest rates on new loans

In February the average interest rate on new loans granted to non-financial corporations was 2.14% (2.30% in January).

The interest rate on operations above €1 million stood at 1.75% (1.88% in January) (Chart 1) and the interest rate on operations below €1 million at 2.49% (2.59% in January), widening the gap between the two rates compared to the previous month.

The average interest rate on new loans to households for house purchase decreased by 1 basis points (b.p.), to 1.06% (Chart 2). The average interest rates on loans for consumption and other purposes were 6.84% and 3.88% respectively, compared to 6.95% and 3.80% respectively from January.

The volumes of new loans for house purchase, consumption and other purposes totalled €919 million, €469 million and €248 million respectively.

Interest rates on new deposits

In February 2020 the average interest rate on new deposits with a maturity of up to one year of non-financial corporations decreased by 2 b.p. to a new historical low of 0.05% (Chart 3).

In the case of households, the average interest rate on new deposits with a maturity of up to one year stood unchanged at 0.07% (Chart 4).