Edition 1488
18 August 2018
Edition: 1488

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Average interest rate on home loans falls in April

by TPN/Lusa, in News · 13-06-2018 07:37:00 · 0 Comments

The average interest rate on new home loans in Portugal decreased by three basis points to 1.46% in April compared to March, with these new operations totaling €783 million, the Bank of Portugal (BdP) said.

Average interest rate on home loans falls in April

 

In March, new home transactions totalled €876 million, the highest amount since July 2010, and the average interest rate was 1.49%.

 

According to the central bank's statistical information, for consumer loans and credit for other purposes, the average interest rates

were, respectively, 7.13% (7.27% in March) and 3.71% (3.57% in March), with new transaction volumes totalling €370 million and €142 million, respectively.

 

In April, the average interest rate on new loans granted to non-financial corporations increased by 14 basis points from March to 2.55%.

 

According to the BdP, this increase "reflected the increase in interest rates, both in the segment of operations below €1 million (eight basis points to 2.88%) and in operations of more than €1 million (23 basis points to 2.09%)."

 

In April, the average interest rate on new up to 12-month deposits of non-financial corporations stood at 0.12%, up two basis points on the previous month.

 

For individuals, the average interest rate on new deposits for up to 12 months fell by one basis point to 0.16%.

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Edition 1488
18 August 2018
Edition: 1488

Read this week's issue online exactly as it appears in print.

Twitter

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