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Interest rate on new deposits remained unchanged.

Athens: The overall weighted average interest rate on new deposits remained unchanged in December 2017, while the interest rate on new loans increased.

The interest rate spread* between loan and deposit rates increased to 4.62 percentage points. The overall weighted average interest rate on all new deposits remained unchanged at 0.29%. In particular, the average interest rate on overnight deposits placed by households remained unchanged at 0.10%, while the average interest rate on overnight deposits placed by non-financial corporations remained almost unchanged at 0.16%.

The average interest rate on deposits from households with an agreed maturity of up to 1 year remained also unchanged at 0.60%. The overall weighted average interest rate on all new loans to households and corporations increased by 12 basis points to 4.91%.

More specifically, the average interest rate on consumer loans without a defined maturity (a category which comprises credit cards, open account loans and overdrafts) increased by 5 basis points to 14.56%. The average interest rate on consumer loans with a defined maturity at a floating rate (1) decreased by 94 basis points to 7.64%.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Date:Feb 28, 2018
Words:189
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