In a process of declining continuing to move the deposit rates and sponsorship of the Greek bankaccording to data from the Bank of Greece (BoG).
In the direction of limiting money costs, banks made minor adjustments last March, resulting in interest rates and lending and deposits, as reported by an ERTNEWS report. This development has also led to the restriction of the “gap” between the two interest rates.
The interest rate margin between new deposits and loans decreased to 4.36 percentage points, while existing deposits and loans decreased to 4.70 percentage points.
In particular, according to data announced today (6.5.2025) by the Bank of Greece:
The average weighted interest rate of all new loans to households and businesses decreased by 29 basis points and stood at 4.75%. The average interest rate on consumer loans without a specified duration (category including credit card loans, open loans and over -accounts from running accounts) decreased by 4 basis points and stood at 14.78%.
The average interest rate on consumer loans with a specific duration and a floating rate decreased by 10 basis points and stood at 11.54%, while the average interest rate on a floating rate increased by 7 basis points to 3.63%.
The average interest rate on business loans without a specified duration decreased by 10 basis points and stood at 5.19%. The corresponding interest rate on business loans decreased by 9 basis points and stood at 7.04%.
The average interest rate on new business loans with a specific duration and floating rate decreased by 45 basis points and stood at 4.12%. The average interest rate on the expiry loans at a floating rate to small and medium -sized enterprises (SMEs) decreased by 27 basis points and stood at 4.44%.
In terms of interest rates on the loan, it is noted that the average interest rate for loans up to 250,000 euros increased by 22 basis points to 4.92%, for loans from 250.001 to 1 million euros decreased by 20 basis points to 4.67%, while for loans above EUR 1 million.
In March 2025, the average weighted interest rate of all new deposits remained almost unchanged at 0.39% compared to the previous month. The one -day deposit rate of household deposits remained unchanged at 0.03%, while the corresponding deposit rate from businesses remained almost unchanged at 0.15%.
The average deposit rate of up to 1 year of households decreased by 10 basis points to 1.40%, while the corresponding deposit rate from businesses remained almost unchanged to 2.15%.
The average weighted interest rate of all existing deposits (including one day’s deposits) decreased by 3 basis points and stood at 0.43% compared to the previous month.
In particular, as stated in the same report, the average interest rate on the existing resources of households with a agreed duration of up to 2 years decreased by 8 basis points and was 1.61%, while the corresponding interest rate on business deposits decreased by 12 basis points and stood at 2.13%.
The average weighted interest rate on existing loans decreased by 12 basis points and stood at 5.13%.
In particular, the average interest rate on the existing housing loans over 5 years decreased by 11 basis points and stood at 3.95%. The corresponding interest rate on consumer and other loans to individuals and private non -profit institutions remained almost unchanged at 8.24%.
The average interest rate on business loans over 5 years decreased by 11 basis points and stood at 4.73%. The corresponding interest rate on business loans decreased by 13 basis points and stood at 6.02%.