Statistical Press Release - Banking interest rates on new loans and deposits - September 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 September 2018.
Interest rates on new loans
In September 2018 the average interest rate on new loans granted to non-financial corporations was 2.36%, the same as in August.
The interest rate on operations above €1 million declined by 18 basis points (b.p.) to 1.66% (Chart 1), and on operations below €1 million it declined by 1 b.p. to 2.74%. The constant average interest rate is explained by the higher weight of operations below €1 million.
The average interest rate on new loans to households for house purchase remained at 1.36% (Chart 2). In loans for consumption and other purposes, the average interest rates were 7.19% and 3.84% respectively (7.04% and 4.07% in August).
The volumes of new loans for house purchase, consumption and other purposes totalled €790 million, €353 million and €154 million respectively.
Interest rates on new deposits
In September 2018 the average interest rate on new deposits with a maturity of up to one year of non-financial corporations stood at 0.13%, 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 remained unchanged since July 2018 at 0.13% (Chart 4).
Next update: 11 Dec. 2018