The Bank of Greece reported that the spread between interest rates on new loans and deposits denominated in euros narrowed to 4.36 percentage points in September 2026. The weighted average rate on new deposits rose to 0.40% from 0.37% in August, while the corresponding lending rate fell to 4.76% from 4.79%. By contrast, the spread on outstanding loans and deposits widened to 4.53 percentage points. The decline in average new lending rates masked increases in household borrowing costs. Rates on consumer loans with a defined maturity at a floating rate rose 49 basis points to 10.38%, while housing loan rates at a floating rate increased 33 basis points to 3.72%. Corporate loan rates with a defined maturity at a floating rate remained unchanged at 4.35%. On the deposit side, rates for household deposits with an agreed maturity of up to one year increased 11 basis points to 1.28%, while those for non-financial corporations rose 19 basis points to 2.16%. For outstanding balances, the weighted average lending rate increased 8 basis points to 4.92%, while the deposit rate remained almost unchanged at 0.39%. Rates on outstanding housing loans with maturities exceeding five years rose 4 basis points to 3.78%, and those on corporate loans with the same maturity profile increased 8 basis points to 4.49%.
Bank of Greece reports September spread between new loan and deposit rates narrows to 4.36 percentage points
The Bank of Greece's September 2026 data show average rates on new deposits increased to 0.40%, while new lending rates declined to 4.76%, narrowing the spread to 4.36 percentage points. Despite the overall lending rate decline, rates on new consumer and housing loans at floating rates increased. For outstanding balances, lending rates rose to 4.92% while deposit rates remained almost unchanged at 0.39%, widening the spread to 4.53 percentage points.