The Bank of Greece reported that the weighted average interest rate on new euro denominated loans rose 11 basis points to 4.79% in August 2026, while the rate on new deposits was almost unchanged at 0.37%. The resulting spread widened to 4.42 percentage points. New lending rates diverged across categories. Floating rate housing and fixed maturity consumer loan rates fell to 3.39% and 9.89%, respectively, while the rate on revolving consumer credit rose to 14.59%. The rate on fixed maturity floating rate corporate loans increased to 4.35%, including a rise to 4.58% for lending to small and medium sized enterprises. Rates on outstanding balances were broadly stable. The weighted average deposit rate remained at 0.37%, while the loan rate was almost unchanged at 4.84%, leaving the spread broadly steady at 4.47 percentage points.
Bank of Greece reports wider new business interest rate spread as loan rates rise in August
The Bank of Greece reported that the average rate on new loans rose 11 basis points to 4.79% in August 2026, while the new deposit rate was almost unchanged at 0.37%. The spread widened to 4.42 percentage points, while rates and the spread on outstanding balances remained broadly stable.