- The composite cost-of-borrowing indicator for new loans to corporations[1] remained broadly unchanged at 1.55% in June 2019.
- The composite cost-of-borrowing indicator for new loans to households for house purchase[2] decreased by 5 basis points from the previous month to 1.67% in June 2019, driven by the interest rate effect.
- In the same month, the euro area composite interest rate for new deposits from corporations remained broadly unchanged at 0.09% and the one for new deposits from households showed no change at 0.36%.
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, remained broadly unchanged in June 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 and on new loans of the same size with an initial rate fixation period of over ten years showed no change at 1.09% and at 1.56%, respectively. 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 decreased by 5 basis points to 2.13%. The month-on-month change was driven by the interest rate effect.
As regards new deposit agreements, the interest rate on deposits from corporations with an agreed maturity of up to one year stayed approximately constant at 0.06% in June 2019. 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 remained broadly unchanged at 2.37%.
Data for bank interest rates for corporations
Bank 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, decreased in June 2019. The interest rate on loans for house purchase with a floating rate and an initial rate fixation period of up to one year remained broadly unchanged at 1.56%. The interest rate on housing loans with an initial rate fixation period of over ten years fell by 9 basis points to 1.65%, mainly driven by the interest rate effect. In the same period, the interest rate on new loans to households for consumption fell by 10 basis points to 5.64%. The month-on-month change was essentially due to developments in two euro area countries and it was mainly driven by the weight effect.
As regards new deposits from households, the interest rate on deposits with an agreed maturity of up to one year remained broadly unchanged at 0.30%, while the interest rate on deposits redeemable at three months’ notice and on overnight deposits showed no change in June 2019, at 0.43% and 0.03%, respectively.
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.
