Euro area bank interest rate statistics: March 2019

The composite cost-of-borrowing indicators for new loans to corporations[1] showed no change at 1.64% in March 2019.
The composite cost-of-borrowing indicators for new loans to households for house purchase[2] remained broadly unchanged at 1.78% in March 2019.
In the same month, the composite interest rate for new deposits from corporations increased by 13 basis points to 0.22%, reflecting developments in one euro area country that were mainly driven by the interest rate effect for new deposits with an agreed maturity over two years.
The composite interest rate for new deposits from households remained broadly unchanged at 0.35% in March 2019.

Bank interest rates for corporations

Data for cost of borrowing and deposit interest rate for corporations

The composite cost-of-borrowing indicator, which combines interest rates on all loans to corporations, showed no change in March 2019. The interest rate on new loans of over €1 million with a floating rate and an initial rate fixation period of up to three months increased by 6 basis points from the previous month to 1.19%. This was driven by both interest rate and weight effects. The rate for new loans of the same size with an initial rate fixation period of over ten years remained broadly unchanged at 1.76%. In the case of new loans of up to €250,000 with a floating rate and an initial rate fixation period of up to three months, the average rate charged remained broadly unchanged at 2.18%.

As regards new deposit agreements, the interest rate on deposits from corporations with an agreed maturity of up to one year rose by 5 basis points to 0.11% in March 2019. This was mainly driven by the interest rate effect. The interest rate on overnight deposits from corporations stayed constant at 0.03%.

The interest rate on new loans to sole proprietors and unincorporated partnerships with a floating rate and an initial rate fixation period of up to one year showed no change at 2.40%.

Data for bank interest rates for corporations

ank interest rates for households

Data for cost of borrowing and deposit interest rate for households

The composite cost-of-borrowing indicator, which combines interest rates on all loans to households for house purchase, remained broadly unchanged in March 2019. The interest rate on loans for house purchase with a floating rate and an initial rate fixation period of up to one year and on housing loans with an initial rate fixation period of over ten years remained broadly unchanged at 1.61% and 1.81%, respectively. In the same period, the interest rate on new loans to households for consumption fell by 7 basis points to 5.59%. This was explained by common developments in the interest rate and weight effects.

As regards new deposits from households, the interest rate on deposits with an agreed maturity of up to one year and on deposits redeemable at three months’ notice remained broadly unchanged in March 2019, at 0.29% and 0.41%, respectively. The interest rate on overnight deposits from households showed no change at 0.03% in March 2019.

Data for bank interest rates for households

Further information

Tables containing further breakdowns of bank interest rate statistics, including the composite cost-of-borrowing indicators for all euro area countries, are available from the ECB’s Statistical Data Warehouse. A subset is visually presented in “Our statistics” at www.euro-area-statistics.org. The full set of bank interest rate statistics for both the euro area and individual countries can be downloaded from SDW. More information, including the release calendar, is available under “Bank interest rates” in the statistics section of the ECB’s website.

Source: https://www.ecb.europa.eu