To a reduction in interest rate deposit Banks proceeded in May. Specifically, the weighted interest rates on new deposits and loans decreased to 0.35%and 4.66%, respectively, resulting in the interest rate margin between existing deposits and loans to 4,57 percentage (4.57%).
More specifically, according to data from the Bank of Greece (BoG), in May 2025, the average weighted interest rate of all new deposits decreased by 3 basis points in the previous month and was 0.35%. In particular, the average interest rate on one -day deposits from households remained unchanged at 0.03%, while the corresponding interest rate on business deposits remained almost unchanged at 0.11%.
The average interest rate on deposits up to 1 year from households decreased by 6 basis points (0.06%) to 1.27%, while the corresponding deposit rate by businesses decreased by 14 basis points to 1.84%.
The average weighted interest rate of all new loans to households and businesses decreased by 14 basis points (0.14%) and stood at 4.66%.
In particular, the average interest rate on consumer loans without a specified duration (category including credit card loans, open loans and over -running accounts) decreased by 10 basis points and stood at 14.61%.
The average interest rate on consumer loans with a specific duration and a floating rate decreased by 19 basis points (0.19%) and stood at 11.24%, while the average interest rate on floating rate loans decreased by 8 basis points and stood at 3.57%.
The average interest rate on business loans without a specified duration decreased by 7 basis points and stood at 4.85%. The corresponding interest rate on business loans decreased by 8 basis points and stood at 6.91%.
The average interest rate on new business loans with a specific duration and floating rate decreased by 21 basis points and stood at 3.95%. The average interest rate on the expiry of a floating rate to small and medium -sized enterprises (SMEs) decreased by 27 basis points and stood at 4.20%.
Regarding the stretching of interest rates on the amount of the loan, it is noted that the average interest rate for loans by up to 250,000 euros was reduced by 7 basis points to 4.78%, for loans from 250.001 to 1 million euros by 23 basis points to 4.32%, while for loans above EUR 14.