Greek banks' interest rate spread up in Aug‏

The overall weighted average interest rate on all new deposits decreased by 7 basis points from the previous month to 0.71 pct. In particular, the average interest rates on overnight deposits placed by households and by non-financial corporations remained unchanged at 0.15 pct and 0.25 pct, respectively. The average interest rate on deposits placed by households with an agreed maturity of up to one year decreased further by 12 basis points from the previous month to 1.19 pct.

The overall weighted average interest rate on all new loans to households and corporations increased by 11 basis points from the previous month to 4.83 pct. More specifically, the average interest rate on consumer loans without a defined maturity increased by 9 basis points to 14.64 pct. The average interest rate on corporate loans without a defined maturity decreased by 10 basis points to 6.16 pct. Finally, the average interest rate on housing loans at a floating rate decreased by 33 basis points to 2.39 pct.

In August 2015, the overall weighted average interest rate on the outstanding amounts of all deposits decreased, while the corresponding rate of all loans remained almost unchanged. The spread between loan and deposit rates increased by 9 basis points to 4.26 percentage points.