Loan/deposit interest rate spread down in June‏

The central bank, in a report, said that the overall weighted average interest rate on all new deposits stood at 1.09 pct in June 2015, almost unchanged from the previous month. In particular, the average interest rate on overnight deposits placed by households remained unchanged at 0.17%, while the corresponding rate on deposits by non-financial corporations decreased by 5 basis points to 0.22 pct. The average interest rate on deposits placed by households with an agreed maturity of up to one year remained unchanged at 1.81 pct. The overall weighted average interest rate on all new loans to households and corporations decreased by 23 basis points from the previous month to 4.75 pct. More specifically, the average interest rate on consumer loans without a defined maturity increased by 14 basis points to 14.63 pct. The average interest rate on consumer loans with a defined maturity at a floating rate decreased by 116 basis points to 6.34 pct. The average interest rate on corporate loans without a defined maturity decreased by 11 basis points to 6.14 pct, while the corresponding rate on loans to sole proprietors decreased by 8 basis points to 7.65 pct.

In June 2015, the overall weighted average interest rate on the outstanding amounts of all deposits decreased, while the corresponding rate on loans remained almost unchanged. The spread between loan and deposit rates increased by 4 basis points to 4.07 percentage. In particular, the average interest rate on outstanding amounts of deposits placed by households with an agreed maturity of up to 2 years remained almost unchanged at 1.87 pct. The corresponding rate on deposits placed by non-financial corporations remained also almost unchanged at 1.85 pct.