The interest rate spread between new deposits and loans increased to 5.60 percentage points in April, the Bank of Greece said in a statement on Tuesday.
In April 2023, the weighted average interest rate on new deposits remained almost unchanged at 0.25%, while the corresponding rate on new loans increased to 5.85%.
The average interest rate on overnight deposits placed by households remained almost unchanged at 0.02%, while the corresponding rate on deposits by non-financial corporations remained unchanged at 0.10%.
According to the same data, the average interest rate on deposits from households with an agreed maturity of up to 1 year increased by 6 basis points to 1.22% and the corresponding rate on deposits by non-financial corporations increased by 40 basis points to 1.87%.
The weighted average interest rate on new loans to households and non-financial corporations increased by 12 basis points to 5.85%.
Moreover, the average interest rate on new corporate loans without a defined maturity increased by 41 basis points to 6.36%, the bank said, adding that the corresponding rate on loans to sole proprietors increased by 14 basis points to 7.57%.