The weighted average interest rate on new deposits rose to 0.35% in May, while the corresponding interest rate on new loans fell to 4.65%, resulting in the interest rate spread between new deposits and loans narrowing to 4.30 percentage points.
In May 2026, the weighted average interest rate on all existing deposits rose to 0.34%, while the corresponding interest rate on loans remained virtually unchanged at 4.63%.
The interest rate spread between existing deposits and loans remained virtually unchanged at 4.29 percentage points.
Interest Rates on New Deposits and Loans in Euros
New Deposits
In May 2026, the weighted average interest rate on all new deposits rose by 3 basis points to 0.35% compared with the previous month.
Specifically, the average interest rate on overnight deposits from households remained unchanged at 0.03%, while the corresponding interest rate on deposits from businesses remained virtually unchanged at 0.10%.
The average interest rate on deposits with an agreed maturity of up to 1 year from households remained virtually unchanged at 1.14%, while the corresponding interest rate on deposits from businesses rose by 17 basis points to 1.93%.
New Loans
The weighted average interest rate on all new loans to households and businesses decreased by 12 basis points to 4.65%.
In particular, the average interest rate on consumer loans with no fixed term (a category that includes credit card loans, open-ended loans, and overdrafts on checking accounts) remained virtually unchanged at 14.63%.
The average interest rate on consumer loans with a fixed term and a floating interest rate decreased by 19 basis points to 10.75%, while the average interest rate on mortgage loans with a floating interest rate remained virtually unchanged at 3.50%.
The average interest rate on business loans with no fixed term remained virtually unchanged at 4.61%. The corresponding interest rate on professional loans remained unchanged at 6.85%.
The average interest rate on new business loans with a fixed term and a floating interest rate decreased by 20 basis points to 4.20%. The average interest rate on fixed-term loans with a floating rate to small and medium-sized enterprises (SMEs) decreased by 15 basis points to 4.43%.
Regarding the breakdown of interest rates by loan amount, it is noted that the average interest rate for loans up to 250,000 euros increased by 8 basis points to 5.09%, for loans ranging from 250,001 to 1 million euros, it rose by 14 basis points to 4.54%, while for loans exceeding 1 million euros, it fell by 22 basis points to 4.15%.
Interest Rates on Existing Deposit and Loan Balances in Euros
Outstanding Deposits
The weighted average interest rate on all outstanding deposits (including overnight deposits) increased by 4 basis points to 0.34% in May 2026.
Specifically, the average interest rate on outstanding deposit balances with an agreed maturity of up to 2 years from households remained unchanged at 1.14%, while the corresponding interest rate on deposits from businesses rose by 16 basis points to 1.87%.
Outstanding Loans
The weighted average interest rate on outstanding loans remained virtually unchanged at 4.63%.
Specifically, the average interest rate on outstanding mortgage loan balances with a maturity of more than 5 years remained unchanged at 3.60%. The corresponding interest rate on consumer and other loans to individuals and private nonprofit institutions rose by 9 basis points to 8.40%.
The average interest rate on outstanding business loans with a maturity of more than 5 years remained virtually unchanged at 4.14%. The corresponding interest rate on commercial loans also remained virtually unchanged at 5.39%.