The Bank of Portugal released updated July 2025 statistics on interest rates and volumes for new bank loans and deposits to households and companies, covering transactions between banks resident in Portugal and euro area residents. The data show a further fall in household term deposit rates and a sixth consecutive monthly decline in new mortgage rates to 2.88%, the lowest level since November 2022, alongside record new loan contracting by households. For households, the average rate on new term deposits fell for the 19th consecutive month to 1.39% (from 1.43% in June) as new term deposit volumes rose to EUR 12,164 million; deposits with maturities up to one year accounted for 95% of the total. New household loan operations (new and renegotiated) increased to EUR 3,418 million, while new loan contracts reached a series high of EUR 3,033 million, with new housing loans at EUR 2,105 million and new consumer credit at EUR 636 million, both also at historical highs; credit renegotiations totalled EUR 386 million. For companies, the average rate on new term deposits decreased to 1.66% as volumes rose to EUR 10,259 million, while new lending volumes fell to EUR 2,804 million and the average rate edged down to 3.65%, with rates diverging by ticket size (3.41% for loans above EUR 1 million and 3.84% for loans up to EUR 1 million). The next update is scheduled for 1 October 2025.
Bank of Portugal 2025-09-03
Bank of Portugal publishes July 2025 banking rate and volume statistics with new mortgage rate down to 2.88% and household term deposit rate at 1.39%
The Bank of Portugal's July 2025 data shows a continued decline in household term deposit rates to 1.39% and a sixth consecutive monthly drop in new mortgage rates to 2.88%, the lowest since November 2022. Household new loan contracts hit a record EUR 3,033 million, with new housing loans and consumer credit at historical highs. For companies, new lending volumes decreased to EUR 2,804 million, while the average rate on new term deposits fell to 1.66%.