27.11.2024.

Loan and deposit interest rate statistics – October 2024

I Weighted average interest rates on loans and deposits, CORPORATE sector – new business1)

  • The total weighted average interest rate on new dinar corporate loans stood at 7.3% in October, down by 0.1 pp from September. The decline is mainly due to the lower interest rate on investment loans (by 1.1 pp to 7.4%).
  • The total weighted average interest rate on new euro and euro-indexed corporate loans came at 6.4% in October, up by 0.1 pp m-o-m. The increase is due to a higher share of investment loans and their interest rate (by 0.5 pp to 6.9%).
  • The total weighted average interest rate on new dinar and FX corporate deposits declined by 0.2 pp each, to 4.2% and 2.7%, respectively. The share of euro and euro-indexed deposits in total FX deposits stood at around 90% in October.

II Weighted average interest rates on loans and deposits, HOUSEHOLD sector – new business1)

  • In October 2024, the total weighted average interest rate on new dinar household loans measured 10.8%. Compared to the September level, the interest rate dropped by 0.3 pp, as a result of the interest rate on cash loans edging down by 0.4 pp, to 11.2%.
  • The total weighted average interest rate on new euro and euro-indexed household loans stood at 6.0%, down by 0.1 pp from September, due to the interest rates on housing loans declining by 0.1 pp to 5.0% and the rates on other non-categorised loans by 0.1 pp to 9.3%.
  • The total weighted average interest rate on new dinar household deposits edged up by 0.1 pp to 4.6% m-o-m, while the rate on FX household deposits remained unchanged at 2.9%. The share of euro and euro-indexed deposits in total FX household deposits stood at around 97% in October.

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