The interest rate on term deposits of individuals for a period of one year remained unchanged at 0.06% in January 2022 compared to December 2021, the Central Bank said. Accordingly, the interest rate on mortgage loans was reduced from 2.21% to 2.15%.
Analytically, the interest rate on time deposits up to one year for the population remained unchanged at 0.06% compared to the previous month. The corresponding interest rate on deposits from nonfinancial corporations increased to 0.12% from 0.02% in the previous month.
In loans, the interest rate on consumer loans rose to 3.10% from 2.90% last month, and the interest rate on home loans fell to 2.15% from 2.21% last month.
The interest rate on loans to non-financial corporations up to EUR 1 million decreased to 3.21% compared to 3.25% in the previous month, and for amounts over EUR 1 million rose to 2.86% compared to 2.84% in the previous month. previous month. December.
January saw a large decline in total loans as they fell to EUR 289.3 million from EUR 643.7 million in December. In particular, new consumer loans fell to 11.7 million euros from 13.3 million euros last month, new housing loans fell to 104.6 million euros from 152.9 million euros last month, as the subsidy program interest rate COVID Ministry of Finance was completed in December.New loans to non-financial corporations of up to €1 million decreased to €34.4 million from €76.4 million, while new loans to non-financial corporations of over €1 million recorded a decline to €128.9 million from €76.4 million. from up to 381.4 million euros in the previous month.
The total amount of deposits in all currencies decreased in January 2022 to 51.3 billion euros from 51.5 billion euros in December 2021. Of these, 30.11 billion euros are household deposits.
These data are included in the February 2022 Monetary and Financial Statistics.