Slightly closed the opening of the “scissors” between interest rates on deposits – loans him June as banks increased the deposit rate and marginally reduced the loan rate.
More detailed according to the data of the Bank of Greece the margin between interest rates on deposits – loans yielded to 5.51% from 5.76% which was the previous month, as The medium weighted interest rate of young people deposits rose to 0,31%, while of new loans decreased to 5,82%.
The average interest rate on deposits with an agreed term of up to 1 year from households increased by 11 basis points to 1,42%. The corresponding interest rate on corporate deposits increased by 18 basis points and stood at 2.28%.
The weighted average interest rate on all new loans to households and businesses decreased by 22 basis points to 5.82%.
In particular, the average interest rate of consumer loans of no fixed duration (a category that includes credit card loans, open loans and current account overdrafts) decreased by 14 basis points to 14.87%.
The average interest rate of consumer loans with a fixed term and variable interest rate increased by 24 basis points and stood at 12.58%. The average interest rate on variable rate mortgages increased by 20 basis points to 4.03%.
The average interest rate on business loans unspecified maturity rose 8 basis points to 6.50%. The corresponding interest rate on professional loans increased by 7 basis points and stood at 7.68%.
The average interest rate on new business loans with a fixed duration and variable interest rate decreased by 36 basis points, in June 2023, to 5.63%. The average interest rate on regular maturity loans with a variable interest rate to small and medium enterprises (SMEs) decreased by 64 basis points and stood at 5.49%.
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