The Bank of Portugal released October 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 customers resident in the euro area. The update shows the average rate on new household term deposits rose to 1.37%, the first increase since December 2023, while the average rate on new housing credit fell for a ninth consecutive month to 2.85%, the lowest level in three years. New household term deposits totalled EUR 12,645 million, up EUR 613 million month on month, with deposits up to one year representing 96% of flows. New lending to households totalled EUR 3,623 million, with new loan contracts reaching a series high of EUR 3,085 million and renegotiations at EUR 538 million; new owner-occupied housing loan contracts rose to EUR 2,160 million and borrowers aged up to 35 accounted for 61% of that segment. For companies, the average rate on new term deposits increased to 1.68% on volumes of EUR 9,770 million, while new corporate lending rose to EUR 2,540 million and the average interest rate increased to 3.67%. The next update is scheduled for 6 January 2026.
Bank of Portugal 2025-12-03
Bank of Portugal publishes October 2025 banking rate statistics showing household term deposit rates up to 1.37% and new mortgage rates down to 2.85%
The Bank of Portugal's October 2025 data shows a rise in the average rate on new household term deposits to 1.37%, the first increase since December 2023, while the average rate on new housing credit fell to 2.85%, the lowest in three years. New household term deposits increased to EUR 12,645 million, and new lending to households reached EUR 3,623 million, largely from borrowers aged up to 35. For companies, the average rate on new term deposits rose to 1.68%, and new corporate lending increased to EUR 2,540 million with an average interest rate of 3.67%.