Lower interest rates on consumer loans, rise in mortgage rates for housing in July
The interest rate on consumer loans fell to 3.03% in July from 3.14% the previous month, the central bank said on Wednesday.
However, the interest rate on home loans rose to 2.21 percent, from 2.13 percent in June.
The interest rate on loans to non-financial corporations for amounts less than 1 million euros also increased to 3.30%, from 3.20% the previous month, while the interest rate on loans to non-financial corporations for amounts over 1 million euros remained unchanged at 3.16% from the previous month, the bank said.
Total new loans fell to 507.3 million euros in July 2021, compared to 674.5 million euros the previous month.
New consumer loans fell to 16.0 million euros from 19.8 million euros in June.
Those intended for the purchase of housing recorded a decrease to 118.1 million euros, against 171.9 million euros the previous month.
New loans to non-financial corporations for an amount less than or equal to â¬ 1 million decreased to â¬ 61.5 million, compared to â¬ 93.3 million the previous month.
Those to non-financial corporations for amounts greater than â¬ 1 million decreased to â¬ 302.2 million from â¬ 372.7 million in June.
The interest rate on household deposits with a maturity of up to one year remained unchanged at 0.07% compared to the previous month, while the corresponding interest rate on deposits from non-financial corporations increased. recorded a decline to 0.06 percent from 0.12 percent the month before, the bank said.