26/09/2024

Loan and deposit interest rate statistics – August 2024

I Weighted average interest rates on loans and deposits, CORPORATE sector – new business 1)

  • The total weighted average interest rate on new dinar corporate loans stood at 7.6%, down by 0.7 pp from July primarily due to the lower rate on investment loans (by 1.3 pp to 7.8%) and the lower rate on other uncategorised loans (by 0.6 pp to 7.7%). The receding interest rates on dinar loans can also be attributed to the monetary policy easing which the NBS embarked on.
  • The total weighted average interest rate on new euro and euro-indexed corporate loans came at 6.6% in August, unchanged m-o-m.
  • The total weighted average interest rate on new dinar corporate deposits declined by 0.2 pp, to 4.7%, while that on FX loans edged down 0.3 pp to 2.6%. The share of euro and euro-indexed deposits in total FX deposits stood at around 91% in August.

I Weighted average interest rates on loans and deposits, HOUSEHOLD sector – new business 1)

  • In August 2024, the total weighted average interest rate on new dinar household loans measured 11.4%. Compared to the July level, the interest rate dropped by 0.1 pp, as a result of the interest rate on cash loans edging down by 0.1 pp, to 11.8%.
  • The total weighted average interest rate on new euro and euro-indexed household loans stood at 6.0%, down by 0.1 pp from July, due to the interest rate on other uncategorised loans declining by 0.5 pp to 9.6%.
  • The total weighted average interest rate on new dinar household deposits edged down 0.2 pp to 4.3% m-o-m, while the rate on FX household deposits remained unchanged at 2.8%. The share of euro and euro-indexed deposits in total FX deposits stood at around 97% in August.

Notes:

1) Interest rates on new business are weighted average interest rates on all new lending and deposit transactions in the reporting month. According to the ECB methodology applied by the NBS, new business captures all new loan or deposit contracts signed by a bank and a client during the reporting period, except for refinancing loans at interest rates significantly lower than the market ones. New business includes all financial arrangements the terms of which were agreed for the first time during the reporting month, as well as all outstanding contracts the terms of which were re-negotiated, with an active participation of the client.

Economic Research and Statistics Department