- Composite cost-of-borrowing indicator for new loans to corporations constant at 1.51%, with interest rate for new loans to households for house purchase broadly unchanged at 1.38%
- Composite interest rate for new deposits with agreed maturity from corporations broadly unchanged at -0.18%, with interest rate for overnight deposits from corporations unchanged at 0.00%
- Composite interest rate for new deposits with agreed maturity from households and the one for overnight deposits from households constant at 0.23% and at 0.02%, respectively
Bank interest rates for corporations
Data for cost of borrowing and deposit interest rates for corporations (Chart 1)
The composite cost-of-borrowing indicator, which combines interest rates on all loans to corporations, stayed constant in September 2020. The rate for new loans of over €1 million with an initial rate fixation period of over three months and up to one year remained broadly unchanged at 1.32%. The interest rate on new loans of the same size with a floating rate and an initial rate fixation period of up to three months decreased by 7 basis points to 1.22%, driven by the interest rate effect. The rate for new loans of over €1 million with an initial rate fixation period of over ten years decreased by 6 basis points to 1.13%, driven by both interest rate and weight effects. 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 increased by 7 basis points to 1.95%, 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 and the interest rate on overnight deposits from corporations stayed constant in September 2020 at -0.20% and at 0.00%, respectively.
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 2.08%.
Data for bank interest rates for corporations (Table 1)
Bank interest rates for households
Data for cost of borrowing and deposit interest rate for households (Chart 2)
The composite cost-of-borrowing indicator, which combines interest rates on all loans to households for house purchase, remained broadly unchanged in September 2020. 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 1.39%. The interest rate on housing loans with an initial rate fixation period of over one and up to five years and the one with an initial rate fixation period of over five and up to ten years stayed constant at 1.61% and at 1.31%, respectively. The interest rate on housing loans with an initial rate fixation period of over ten years remained broadly unchanged at 1.37%. In the same period, the interest rate on new loans to households for consumption fell by 13 basis points to 5.23%. This decrease was due to developments in two euro area countries and was driven by the interest rate effect.
As regards new deposits from households, the interest rate on deposits with an agreed maturity of up to one year showed no change at 0.17% in September 2020. The interest rate on deposits redeemable at three months’ notice and the interest rate on overnight deposits from households also showed no change at 0.35% and at 0.02%, respectively.
Data for bank interest rates for households (Table 2)
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 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.
pixabay
