Statistical Press Release - Banking interest rates on new loans and deposits - January 2019
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 January 2019.
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).
Next update: 9 Apr. 2019