29.05.2025.

Loan and deposit interest rate statistics - April 2025

I Movement of weighted average bank interest rates on loans and deposits, CORPORATE sector – new business1)

  • The total weighted average interest rate on new dinar corporate loans came at 6.6% in April, having increased by 0.3 pp from the month before, driven by the rise in the rate on working capital loans (by 0.3 pp to 6.4%). However, it remained below the levels recorded at end-2024 (by 0.3 pp) and June 2024 (by 1.5 pp) when the NBS started easing its monetary policy stance.  
  • The total weighted average interest rate on new euro and euro-indexed corporate loans amounted to 5.1% in April. It receded by 0.2 pp from March, reflecting lower interest rates on working capital loans (down by 0.3 pp, to 4.9%), and by 1.6 pp relative to June 2024, on the back of lower interest rates in the euro area money market.
  • The weighted average interest rates on new corporate deposits in dinars and FX increased marginally from the previous month. The rate on dinar corporate deposits inched up by 0.04 pp, to 4.1%, and the rate on FX deposits by 0.1 pp, to 2.2% in April. The share of euro and euro-indexed deposits in total FX corporate deposits was around 95% in April.

II Movement of weighted average bank interest rates on loans and deposits, HOUSEHOLD sector – new business1)

  • The total weighted average interest rate on new dinar household loans came at 9.8% in April, having decreased negligibly (0.01 pp) from the month before, driven by the fall in the rate on cash loans (by 0.02 pp to 9.9%). Relative to June 2024, the rate on new dinar household loans was lower by 1.8 pp.  
  • The total weighted average interest rate on new euro and euro-indexed household loans amounted to 5.1%, down by 0.3 pp from the month before as a result of lower interest rates on housing loans (by 0.2 pp to 4.7%) and a reduced share of other non-categorised loans that have an above-average interest rate (6.6%). Compared to June 2024, the rate on new euro and euro-indexed household loans was lower by 1.0 pp.
  • Interest rate on housing loans is below the 5% cap, determined by the Law on the Protection of Financial Service Consumers. The drop in the interest rate on housing loans is a result of the approval of subsidised loans under the government programme “Housing Loans for Youth” at a lower-than-average interest rate.
  • Other bank interest rates on loans to natural persons in dinars and euros are within the bounds prescribed by the said Law.
  • The total weighted average interest rate on new household deposits in dinars went up by 0.05 pp m-o-m to 4.3% in April, and on those in FX by 0.1 pp to 2.9%. The share of euro and euro-indexed deposits in total FX household deposits in April was around 98%.

Note:

1) Interest rates on new business are weighted average interest rates on all new loans and deposits in the reporting month. According to the ECB methodology, which is applied by the NBS, new business comprises all new loan or deposit agreements concluded between banks and clients during the reporting month, except loans for debt rescheduling at interest rates significantly below the market ones. New business are all financial arrangements whose terms are agreed for the first time during the month and all existing contracts renegotiated with active client participation.

Economic Research and Statistics Department