The average weighted interest rate on new deposits increased to 0.35% in May, while the corresponding interest rate on new loans decreased to 4.65%, resulting in the interest rate spread between new deposits and loans decreasing to 4.30 percentage points.
In May 2026, the average weighted interest rate on the total stock of existing deposits increased to 0.34%, while the corresponding interest rate on loans remained almost unchanged at 4.63%.
The interest rate spread between existing deposits and loans remained almost unchanged at 4.29 percentage points.
Interest rates on new deposits and loans in euro
New Deposits
In May 2026, the average weighted interest rate on the total of new deposits increased by 3 basis points to 0.35%, compared with the previous month.
More 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 almost unchanged at 0.10%.
The average interest rate on deposits with an agreed maturity of up to 1 year from households remained almost unchanged at 1.14%, while the corresponding interest rate on deposits from businesses increased by 17 basis points and stood at 1.93%.
New Loans
The average weighted interest rate on the total of new loans to households and businesses decreased by 12 basis points and stood at 4.65%.
More specifically, the average interest rate on consumer loans without a defined maturity (a category that includes loans through credit cards, open loans and overdrafts from current accounts) remained almost unchanged at 14.63%.
The average interest rate on consumer loans with a specific maturity and variable interest rate decreased by 19 basis points to 10.75%, while the average interest rate on housing loans with a variable interest rate remained almost unchanged at 3.50%.
The average interest rate on business loans without a defined maturity remained almost 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 specific maturity and variable interest rate decreased by 20 basis points to 4.20%. The average interest rate on fixed-maturity loans with a variable interest rate to small and medium-sized enterprises (SMEs) decreased by 15 basis points and stood at 4.43%.
As regards the structure of interest rates by loan amount, it is noted that the average interest rate for loans up to and including 250,000 euros increased by 8 basis points and stood at 5.09%, for loans from 250,001 up to 1 million euros it increased by 14 basis points to 4.54%, while for loans above 1 million euros it decreased by 22 basis points to 4.15%.
Interest rates on outstanding balances of deposits and loans in euro
Existing Deposits
The average weighted interest rate on the total of existing deposits (including overnight deposits) increased by 4 basis points and stood at 0.34% in May 2026.
More specifically, the average interest rate on the outstanding balances of deposits 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 increased by 16 basis points and stood at 1.87%.
Existing Loans
The average weighted interest rate on existing loans remained almost unchanged at 4.63%.
More specifically, the average interest rate on the outstanding balances of housing loans with a maturity of over 5 years remained unchanged at 3.60%. The corresponding interest rate on consumer and other loans to individuals and private non-profit institutions increased by 9 basis points and stood at 8.40%.
The average interest rate on the outstanding balances of business loans with a maturity of over 5 years remained almost unchanged at 4.14%. The corresponding interest rate on professional loans also remained almost unchanged at 5.39%.