Interest rates on new loans

In January, the average interest rate on new loans granted to non-financial corporations was 2.43% (2.46% in December). The decrease in the average rate was recorded on operations above €1 million, standing at 1.94% (Chart 1).

The average interest rate on new loans to households for house purchase decreased by 1 basis point (b.p.) to 1.40% (Chart 2). The average interest rates on loans for consumption and other purposes were 7.30% and 4.40% respectively.

The volumes of new loans for house purchase, consumption and other purposes totalled €747 million, €338 million and €133 million respectively.

Interest rates on new deposits

In January 2019 the average interest rate on new deposits with a maturity of up to one year of non-financial corporations stood at 0.12%, 2 b.p. higher than in the previous month (Chart 3). For households, the average interest rate on new deposits with a maturity of up to one year remained unchanged at 0.14% compared to December (Chart 4).