The Bank of Portugal published updated June 2025 statistics on interest rates and volumes for new bank loans and deposits, covering operations between banks resident in Portugal and households and companies resident in the euro area. The average rate on new household term deposits fell for the 18th consecutive month to 1.43%, while the average rate on new housing loan operations declined for a fifth month to 2.91%, the lowest level since November 2022. New household term deposits totalled EUR 10.648bn, down EUR 2.445bn from May, with deposits up to one year accounting for 95% of flows; Portugal remained the euro area country with the fourth-lowest average rate on new household term deposits (euro area average 1.81%). Corporate term deposit rates fell to 1.71% on EUR 8.368bn of new deposits, with maturities up to one year representing 99.7% of flows. New lending to households totalled EUR 3.083bn (including renegotiations), with new housing loan contracts of EUR 1.904bn and renegotiations of EUR 352m; borrowers aged 35 or under accounted for 61% of new lending for permanent owner-occupied housing. On pricing, housing loan rates averaged 2.87% on new contracts and 3.11% on renegotiations, and Portugal had the fifth-lowest average mortgage rate in the euro area (euro area average 3.29%); consumer credit rates averaged 8.86% and “other purposes” loans 3.54%. For companies, new lending rose to EUR 3.003bn as renegotiations increased to EUR 464m, while the overall average rate edged down to 3.69%, with loans up to EUR 1m at 3.83% and loans above EUR 1m at 3.57%; the release also pointed to a new BPstat subdomain with sector-level interest rates, showing declines across major sectors in Q2 2025. The Bank of Portugal noted that the interest rate and housing credit statistics have been revised back to June 2022 following improvements in data sources, and that sector-level corporate loan rate series are now included in the statistical note. The next update is scheduled for 3 September 2025.
Bank of Portugal 2025-07-31
Bank of Portugal releases June 2025 lending and deposit statistics with new mortgage rates down to 2.91% and household term deposit rates to 1.43%
The Bank of Portugal's June 2025 statistics show continued declines in rates for household term deposits and housing loans. New household term deposits totaled EUR 10.648 billion, mainly in short-term deposits, while new household lending reached EUR 3.083 billion, mostly for housing. A new BPstat subdomain for sector-level interest rates reflects declines across major sectors in Q2 2025.