Interest rates on new loans

In May, the average interest rate on new loans granted to non-financial corporations was 2.25% (2.40% in April). 

The interest rate on operations above €1 million stood at 1.70% (Chart 1) and the interest rate on operations below €1 million at 2.57%, increasing the gap between the two rates compared with the previous month.

The average interest rate on new loans to households for house purchase decreased by 2 basis points (b.p.), to 1.31%, accounting for a new historical low (Chart 2). The average interest rates on loans for consumption and other purposes were 7.07% and 3.89% respectively.

The volumes of new loans for house purchase, consumption and other purposes totalled  €927 million, €435 million and €178 million respectively.

Interest rates on new deposits

In May 2019 the average interest rate on new deposits with a maturity of up to one year of non-financial corporations stood at 0.11%, increasing 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 at 0.12% (Chart 4).