Euro area bank interest rate statistics: November 2020

Composite cost-of-borrowing indicator for new loans to corporations and for new loans to households for house purchase broadly unchanged at 1.50% and at 1.35%, respectively
Composite interest rate for new deposits with agreed maturity from corporations and for overnight deposits from corporations broadly unchanged at -0.18% and at -0.01%, respectively
Composite interest rate for new deposits with agreed maturity from households and for overnight deposits from households unchanged at 0.25% 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, remained broadly unchanged in November 2020. 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 showed no change at 1.22%. The rate for new loans of the same size with an initial rate fixation period of over three months and up to one year decreased by 13 basis points to 1.29%. This decrease was due to developments in two euro area countries and was 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 27 basis points to 1.00%. This decrease was due to developments in two euro area countries and was 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 2.01%, mainly driven by the weight 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 almost constant at -0.21% and at -0.01%, 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 decreased by 5 basis points to 2.20%, driven by the interest rate effect.

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 November 2020. The interest rate on loans for house purchase with a floating rate and an initial rate fixation period of up to one year showed no change at 1.37%. The interest rate on housing loans with an initial rate fixation period of over one and up to five years stayed almost constant at 1.54%. The interest rate on loans for house purchase with an initial rate fixation period of over five and up to ten years and the interest rate on housing loans with an initial rate fixation period of over ten years remained broadly unchanged at 1.28% and at 1.35%, respectively. In the same period, the interest rate on new loans to households for consumption stayed almost constant at 5.22%.
As regards new deposits from households, the interest rate on deposits with an agreed maturity of up to one year and the interest rate on deposits redeemable at notice of up to three months showed no change at 0.19% and at 0.35%, respectively. The interest rate on overnight deposits from households stayed constant at 0.02%.