2. INTEREST RATES ON OUTSTANDING AMOUNTS OF EURO-DENOMINATED DEPOSITS AND LOANS
In June 2013, the overall weighted average interest rate on outstanding amounts of all deposits decreased, while the corresponding rate of all loans remained almost unchanged. The spread* between loan and deposit rates increased by 13 basis points to 3.08 percentage points (see Table 2).
In particular, in June 2013, the average interest rate on outstanding amounts of deposits from households with an agreed maturity of up to two years decreased by 10 basis points and stood at 4.21%, while the corresponding rate of deposits from non-financial corporations decreased by 32 basis points and stood at 3.74%. The average interest rate on outstanding amounts of housing loans with over five years’ maturity increased by 6 basis points and stood at 3.15%, while the corresponding rate on corporate loans increased by 13 basis points and stood at 4.80%. The rate on loans to sole proprietors remained almost unchanged at 5.99%.
In June 2013, the overall weighted average interest rate on the outstanding amount of all deposits (including overnight deposits) decreased by 11 basis points to stand at 2.67% while the corresponding rate on loans remained almost unchanged at 5.75%.
Table 1: Average interest rates on new euro-denominated deposits and loans
|
|
|
April 2013
|
May 2013
|
June 2013
|
|
DEPOSITS
|
Overnight from households
|
0.49
|
0.49
|
0.41
|
|
Overnight from non-financial corporations
|
0.44
|
0.44
|
0.49
|
|
From households with an agreed maturity of up to 1 year
|
4.22
|
4.06
|
3.89
|
|
Overall weighted average rate on all deposits
|
2.60
|
2.51
|
2.40
|
|
LOANS
|
Consumer without a defined maturity
|
14.77
|
14.73
|
14.63
|
|
Corporate without a defined maturity
|
7.49
|
7.45
|
7.43
|
|
To sole proprietors without a defined maturity
|
9.99
|
9.96
|
9.60
|
|
Consumer with a defined maturity at a floating rate or with an initial fixation period of up to 1 year
|
7.86
|
7.70
|
6.63
|
|
Corporate with a fixed maturity at a floating rate or with an initial fixation period of up to 1 year rate:
-loans up to an amount of EUR 250,000
-loans above EUR 250,000 and up to EUR 1 million
-loans above EUR 1 million
|
7.24
6.45
5.96
|
7.08
6.13
5.37
|
7.26
6.22
6.01
|
|
Housing at a floating rate or with an initial fixation period of up to 1 year
|
3.08
|
2.84
|
2.80
|
|
Overall weighted average rate on all loans
|
5.75
|
5.53
|
5.54
|
|
Interest rate spread*
|
3,15
|
3.02
|
3.14
|
Table 2: Average interest rates on outstanding amounts of euro-denominated deposits and loans
|
|
|
April 2013
|
May 2013
|
June 2013
|
|
DEPOSITS
|
From households with an agreed maturity of up to 2 years
|
4.42
|
4.31
|
4.21
|
|
From non-financial corporations with an agreed maturity of up to 2 years
|
4.16
|
4.06
|
3.74
|
|
Overall weighted average rate on all deposits**
|
2.84
|
2.78
|
2.67
|
|
LOANS
|
Housing with over 5 years’ maturity
|
3.18
|
3.09
|
3.15
|
|
Corporate with over 5 years’ maturity
|
4.67
|
4.67
|
4.80
|
|
To sole proprietors with over 5 years’ maturity
|
6.03
|
5.98
|
5.99
|
|
Overall weighted average rate on all loans
|
5.78
|
5.73
|
5.75
|
|
Interest rate spread*
|
2,94
|
2.95
|
3.08
|
*The interest rate spread is the difference between the overall weighted average rate on all loans and the overall weighted average rate on all deposits.
**For the calculation of this average rate the overnight deposits are also taken into account.