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Statistical press release - Banking interest rates on new loans and deposits - November 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 November 2018.

Interest rates on new loans

In November 2018 the average interest rate on new loans granted to non-financial corporations was unchanged from October at 2.43%.

Interest rates on operations above €1 million and on operations below €1 million stood at 1.98% and 2.76% respectively (Chart 1), with the differential between them declining from the previous month.

The average interest rate on new loans to households for house purchase was up by 2 basis points (b.p.), to 1.36% (Chart 2). The average interest rates on loans for consumption and other purposes were 7.06% and 4.12% (7.22% and 4.19% in October) respectively.

The volumes of new loans for house purchase, consumption and other purposes totalled €822 million, €382 million and €148 million respectively.

Interest rates on new deposits

In November 2018 the average interest rate on new deposits with a maturity of up to one year of non-financial corporations stood at 0.12%, increasing by 1 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 decreased by 1 b.p. to 0.14% (Chart 4).

Next update: 12 Feb. 2019