The Bank of Portugal published updated September 2025 statistics on interest rates and volumes for new bank deposits and loans to households and companies, covering transactions between banks resident in Portugal and households and firms resident in the euro area. The update shows the average rate on new household time deposits holding at 1.34%, ending a 20-month decline, while the average rate on new housing loans fell to 2.84% for an eighth consecutive month. New household time deposits rose by EUR 773 million to EUR 12,013 million, with deposits up to one year accounting for 94% of flows and averaging 1.35%. The euro area average rate on new household time deposits increased to 1.78%, with Portugal recorded as the fourth lowest. For companies, the average rate on new time deposits increased to 1.66% (the first rise since April 2024) and volumes rose to EUR 9,736 million, with terms up to one year representing 99% of new deposits. New lending to households totalled EUR 3,409 million, including EUR 2,926 million in new contracts, of which EUR 2,076 million related to housing; renegotiations fell to EUR 483 million. The average rate on new housing loans in the euro area declined to 3.32%, leaving Portugal 0.48 percentage points below the euro area average and with the fifth lowest rate. For housing lending focused on primary residence, 71% of new loans were at mixed rates (41% of the stock), with average rates of 2.74% for mixed-rate new lending, 3.46% for fixed-rate and 2.80% for variable-rate; the average monthly instalment on the housing loan stock increased to EUR 413, the first rise since April 2024. New lending to companies increased to EUR 2,210 million and the average rate edged up to 3.59%. The next update is scheduled for 3 December 2025.

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