PRESS RELEASE 3 June 2016 - Euro area bank interest rate statistics: April 2016
The composite cost-of-borrowing indicator for new loans to corporations1 decreased by 4 basis points from the previous month to 1.99% in April 2016.
The composite cost-of-borrowing indicator for new loans to households1 for house purchase remained broadly unchanged at 2.09% in April. In the same month, the euro area composite interest rate for new deposits from both corporations and households remained broadly unchanged.
Bank interest rates for corporations
While the composite cost-of-borrowing indicator, which combines interest rates on all loans to corporations, decreased, April 2016 saw mixed developments in the cost of new borrowing by corporations both for small loans of up to €250,000 and for loans of over €1 million. For example, the interest rate on new loans of over €1 million with a floating rate and an initial rate fixation period of up to three months remained basically unchanged at 1.34%.
The rate for new loans of the same size with an initial rate fixation period of over ten years increased by 9 basis points to 2.03%. In the case of new loans of up to €250,000 with a floating rate and an initial rate fixation period of up to three months, the average rate charged decreased by 4 basis points to 2.99%.
As regards new deposit agreements, the interest rate on deposits from corporations with an agreed maturity of up to one year rose by 3 basis points to 0.18% in April 2016. The interest rate on new loans to sole proprietors and unincorporated partnerships with a floating rate and an initial rate fixation period of up to one year remained unchanged at 2.53%.
page source http://www.ecb.europa.eu/
