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BOI-Curiosity Charges on Financial institution Deposits and Loans: July 2022


The weighted common rate of interest on new deposits remained nearly unchanged at 0.02% in July 2022, whereas the weighted common rate of interest on new loans decreased to three.71%.

The rate of interest unfold between new deposits and loans decreased to three.69 share factors.

The weighted common rate of interest on excellent quantities of deposits remained unchanged at 0.03%, whereas the weighted common rate of interest on excellent quantities of loans elevated to three.56%.

The rate of interest unfold between excellent quantities of deposits and loans elevated to three.53 share factors.

1.	Rates of interest on euro-denominated new deposits and loans

New Deposits

The weighted common rate of interest on new deposits remained nearly unchanged at 0.02%.

Specifically, the common rate of interest on in a single day deposits positioned by households remained unchanged at 0.03%, whereas the corresponding price positioned by non-financial firms remained nearly unchanged at -0.01%. The typical rate of interest on deposits from households with an agreed maturity of as much as 1 yr remained nearly unchanged at 0.13%, in contrast with the earlier month.

New Loans

The weighted common rate of interest on new loans to households and non-financial firms decreased by 27 foundation factors to three.71%.

Extra particularly, the common rate of interest on shopper loans with no outlined maturity (a class that contains bank cards, revolving loans and overdrafts) remained nearly unchanged at 14.13%.

The typical rate of interest on shopper loans with an outlined maturity at a floating price remained nearly unchanged at 11.33%. The typical rate of interest on housing loans at a floating price decreased by 11 foundation factors to 2.84%.

The typical rate of interest on new company loans with no outlined maturity decreased by Four foundation factors to three.76%. The corresponding price on loans to sole proprietors elevated by eight foundation factors to six.37%.

In July 2022, the common rate of interest on company loans with an outlined maturity at a floating price decreased by 43 foundation factors to 2.58%. The typical rate of interest on loans with an outlined maturity at a floating price to small and medium-sized enterprises (SMEs) elevated, in contrast with the earlier month, by 37 foundation factors to three.62%.

As regards the construction of rates of interest in accordance with the dimensions of loans granted, the common price on loans of as much as EUR250,000 elevated by 13 foundation factors to 4.63%, on loans of over EUR250,000 and as much as EUR1 million elevated by 19 foundation factors to three.60% and on loans of over EUR1 million decreased by 40 foundation factors to 2.52%.

2.	Rates of interest on excellent quantities of euro-denominated deposits and loans

Deposits

The weighted common rate of interest on excellent quantities of deposits (together with in a single day deposits) remained unchanged at 0.03%.

Specifically, the common rates of interest on excellent quantities of deposits with an agreed maturity of as much as 2 years positioned by households remained unchanged at 0.08%, whereas the corresponding price by non-financial firms remained nearly unchanged at 0.10%.

Loans

The weighted common rate of interest on excellent quantities of loans elevated by eight foundation factors to three.56%.

Specifically, the common rate of interest on excellent quantities of housing loans with over 5 years’ maturity elevated by 16 foundation factors to 2.15%. The corresponding price on shopper and different loans to people and personal non-profit establishments elevated by 5 foundation factors to six.39%.

The typical rate of interest on company loans with over 5 years’ maturity elevated by eight foundation factors to three.11%. The corresponding price on loans to sole proprietors elevated by 6 foundation factors to 4.26%.

Desk 1: Common rates of interest on new euro-denominated deposits and loans (percentages every year)

Might 2022

June 2022

July 2022

DEPOSITS

In a single day from households

0.02

0.03

0.03

In a single day from non-financial firms

0.00

0.00

0.01

From households with an agreed maturity of as much as 1 yr

0.12

0.12

0.13

Weighted common price on all deposits

0.04

0.03

0.02

LOANS

Client with no outlined maturity

14.19

14.11

14.13

Company with no outlined maturity

3.77

3.80

3.76

To sole proprietors with no outlined maturity

6.35

6.29

6.37

Housing at a floating price

2.63

2.95

2.84

Client with an outlined maturity at a floating price

11.00

11.36

11.33

Company with an outlined maturity at a floating price:

2.89

3.01

2.58

quantities of as much as EUR250,000

4.67

4.50

4.63

quantities of over EUR250,000 and as much as EUR1 million

3.33

3.41

3.60

quantities of over EUR1 million

2.61

2.92

2.52

Loans with an outlined maturity to small and medium-sized enterprises at a floating price

3.57

3.25

3.62

Weighted common price on all loans

3.85

3.98

3.71

Rate of interest unfold

3,81

3.95

3.69

Desk 2: Common rates of interest on excellent quantities of euro-denominated deposits and loans (percentages every year)

Might2022

June2022

July2022

DEPOSITS

From households with an agreed maturity of as much as 2 years

0.08

0.08

0.08

From non-financial firms with an agreed maturity of as much as 2 years

0.11

0.11

0.10

Weighted common price on all deposits

0.03

0.03

0.03

LOANS

Housing with over 5 years’ maturity

1.96

1.99

2.15

Client and different loans to people and personal non-profit establishments with over 5 years’ maturity

6.28

6.34

6.39

Company with over 5 years’ maturity

2.99

3.03

3.11

To sole proprietors with over 5 years’ maturity

4.20

4.20

4.26

Weighted common price on all loans

3.46

3.48

3.56

Rate of interest unfold

3.43

3.45

3.53

Notes:

1.	The rate of interest unfold is the distinction between the weighted common price on all loans and the weighted common price on all deposits.
2.	For the calculation of the weighted common rate of interest on all excellent deposits the in a single day deposits are additionally taken under consideration.
3.	Loans at a floating price comprise additionally loans with an preliminary price fixation interval of as much as one yr.
4.	New enterprise refers to new contracts that have been agreed throughout the reference month and never precise mortgage disbursements.

Associated info:

The whole information set of financial institution deposit and mortgage rates of interest is revealed within the sub-section ‘Financial institution deposit and mortgage rates of interest’ on the Financial institution of Greece web site.

The subsequent Press Launch for August 2022 will likely be revealed on Four October 2022 in accordance with the Launch calendar on the Financial institution of Greece web site.



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