BANK OF GREECE 
By 1. INTEREST RATES ON NEW EURO-DENOMINATED DEPOSITS AND LOANS
In November 2012 the overall average interest rate on new deposits remained unchanged, while the corresponding rate on new loans decreased (see Table 1). As a result the spread between loans and deposits decreased by 13 basis points to 2.84 percentage points.
More specifically, in November 2012, the average interest rates on overnight deposits from households and on deposits from non-financial corporations remained unchanged at 0.47% and 0.41% respectively. The average interest rate on deposits from households with an agreed maturity of up to 1 year decreased by 4 basis points to 4.60%. The overall average interest rate on all new deposits remained unchanged at 2.79%.
In the case of loans, the average interest rate on consumer loans without a defined maturity (a category which includes credit card debt, open account loans and debit balances on current accounts) remained unchanged in November 2012, at 14.80%, while the average interest rate on consumer loans with a defined maturity at a floating rate or with an initial rate fixation period of up to one year increased by 7 basis points to 8.11%.
The average interest rate on corporate loans without a defined maturity remained unchanged at 7.49%, while the corresponding rate on loans to sole proprietors slightly decreased by 3 basis points to 10.05%. The average interest rate on corporate loans with a defined maturity at a floating rate or with an initial rate fixation period of up to one year decreased by 11 basis points to 7.39% for loans up to EUR 250,000, remained almost unchanged at 6.24% for loans above EUR 250,000 and up to EUR 1 million, and decreased by 8 basis points to 5.62% for loans above EUR 1 million. Finally, the average interest rate on housing loans at a floating rate or with an initial fixation period of up to one year increased by 6 basis points to 2.94%. The average interest rate on all new loans to households and corporations decreased by 13 basis points, in November 2012, to 5.63%. The decrease is, however, due to debt restructuring with a relatively low interest rate in the category of 'other loans to households'.
2. INTEREST RATES ON OUTSTANDING AMOUNTS OF EURO-DENOMINATED DEPOSITS AND LOANS
In November 2012 the overall average interest rate on outstanding amounts of all deposits slightly increased, while the corresponding rate on all loans remained almost unchanged. As a result the spread between loans and deposits decreased by 5 basis points to 2.94 percentage points (see Table 2).
In particular, in November 2012, the average interest rates on outstanding amounts of deposits from households and on deposits from non-financial corporations with an agreed maturity of up to 2 years remained almost unchanged at 4.61% and 4.46% respectively. The average interest rate on outstanding amounts of loans with over five years' maturity remained basically unchanged at 3.22% for housing loans, at 4.68% for corporate loans and at 6.04% for loans to sole proprietors.
The overall average interest rate on all deposits (including overnight deposits) increased slightly by 3 basis points to 2.89%, while the corresponding rate on all loans remained basically unchanged at 5.83%.
Table 1: Average interest rates on new euro-denominated deposits and loans
September 2012 | October 2012 | November 2012 | ||
DEPOSITS | Overnight from households | 0.46 | 0.47 | 0.47 |
Overnight from non-financial corporations | 0.45 | 0.41 | 0.41 | |
From households with an agreed maturity of up to 1 year | 4.60 | 4.64 | 4.60 | |
Overall average rate on all deposits | 2.75 | 2.79 | 2.79 | |
LOANS | Consumer without a defined maturity | 14.79 | 14.80 | 14.80 |
Corporate without a defined maturity | 7.54 | 7.49 | 7.49 | |
To sole proprietors without a defined maturity | 10.08 | 10.08 | 10.05 | |
Consumer with a defined maturity at a floating rate or with an initial fixation period of up to 1 year | 7.75 | 8.04 | 8.11 | |
Corporate with a fixed maturity at a floating rate or with an initial fixation period of up to 1 year rate: -loans up to an amount of EUR 250,000 -loans above EUR 250,000 and up to EUR 1 million -loans above EUR 1 million | 7.44 6.37 5.46 | 7.50 6.26 5.70 | 7.39 6.24 5.62 | |
Housing at a floating rate or with an initial fixation period of up to 1 year | 3.01 | 2.88 | 2.94 | |
Overall average rate on all loans | 5.77 | 5.76 | 5.63 | |
Interest rate spread | 3.02 | 2.97 | 2.84 |
Table 2: Average interest rates on outstanding amounts of euro-denominated deposits and loans
September 2012 | October 2012 | November 2012 | ||
DEPOSITS | From households with an agreed maturity of up to 2 years | 4.65 | 4.60 | 4.61 |
From non-financial corporations with an agreed maturity of up to 2 years | 4.51 | 4.46 | 4.46 | |
Overall average rate on all deposits* | 2.86 | 2.86 | 2.89 | |
LOANS | Housing with over 5 years' maturity | 3.25 | 3.24 | 3.22 |
Corporate with over 5 years' maturity | 4.78 | 4.68 | 4.68 | |
To sole proprietors with over 5 years' maturity | 6.12 | 6.03 | 6.04 | |
Overall average rate on all loans | 5.91 | 5.85 | 5.83 | |
Interest rate spread | 3.05 | 2.99 | 2.94 |
*For the calculation of this average rate the overnight deposits are also taken into account
|
distributed by
|
