Further increase in lending margin

Published:

The lending margins on new and outstanding mortgages to households increased to 1.70 and 1.73 per cent in August. The fixed-interest rate on new mortgages was unchanged at 2.47 per cent in August, while the floating rate was stable at 2.50 per cent.

In August, the interest rate on new mortgages to households from a sample of banks and mortgage companies remained stable at 2.50 per cent. The interest rate on new mortgages and credit lines was stable at 2.51 and 2.42 per cent respectively.

The fixed interest rate on outstanding mortgages was stable at 2.86 per cent. The floating rate was stable at 2.51 per cent in August.

Figure 1. Interest rates on new and outstanding loans secured on dwellings to households. Monthly sample of banks and mortage companies
Figure 1. Interest rates on new and outstanding loans secured on dwellings to households. Monthly sample of banks and mortage companies
New loans, floating interest rate New loans, fixed interest rate Loans outstanding, floating interest rate Loans outstanding, fixed interest rate
Des. 2013 3.97 4.18 4.04 4.17
Jan. 2014 3.96 4.20 4.03 4.16
Feb. 2014 3.97 4.12 4.02 4.16
Mar. 2014 3.95 4.18 4.01 4.15
Apr. 2014 3.87 4.08 4.00 4.15
May 2014 3.80 4.08 3.97 4.14
Jun. 2014 3.78 3.84 3.85 4.13
Jul. 2014 3.76 3.81 3.84 4.14
Aug. 2014 3.76 3.74 3.83 4.14
Sep. 2014 3.73 3.48 3.81 4.12
Oct. 2014 3.59 3.38 3.78 4.11
Nov. 2014 3.54 3.35 3.73 4.09
Dec. 2014 3.49 3.29 3.61 4.08
Jan. 2015 3.22 2.78 3.55 4.01
Feb. 2015 3.11 2.53 3.52 3.80
Mar. 2015 3.08 2.53 3.25 3.65
Apr. 2015 3.09 2.55 3.23 3.54
May 2015 3.07 2.6 3.22 3.46
June 2015 3.00 2.71 3.19 3.4
July 2015 2.87 2.73 3.15 3.38
Aug. 2015 2.83 2.7 2.93 3.36
Sep. 2015 2.78 2.71 2.91 3.4
Oct. 2015 2.60 2.61 2.88 3.33
Nov. 2015 2.57 2.51 2.77 3.29
Dec. 2015 2.54 2.51 2.65 3.28
Jan. 2016 2.55 2.48 2.64 3.26
Feb. 2016 2.50 2.39 2.63 3.24
Mar. 2016 2.48 2.23 2.61 3.22
Apr. 2016 2.40 2.22 2.59 3.20
May 2016 2.37 2.27 2.51 3.18
Jue 2016 2.38 2.26 2.47 3.16
July 2016 2.38 2.26 2.46 3.12
Aug. 2016 2.35 2.32 2.46 3.10
Sep. 2016 2.36 2.32 2.45 3.07
Oct. 2016 2.38 2.46 2.44 3.03
Nov. 2016 2.43 2.56 2.45 2.99
Dec. 2016 2.44 2.70 2.45 2.96
Jan. 2017 2.47 2.77 2.53 2.95
Feb 2017 2.49 2.76 2.53 2.94
Mar. 2017 2.52 2.70 2.53 2.93
Apr.2017 2.52 2.64 2.53 2.92
May 2017 2.51 2.48 2.52 2.9
June 2017 2.51 2.50 2.52 2.88
July 2017 2.51 2.47 2.51 2.86
Aug. 2017 2.50 2.47 2.51 2.86

Increase in the interest rate margin

The interest rate margin on new and outstanding mortgages to households increased by 0.02 percentage points to 1.70 and 1.73 per cent in August. NIBOR fell in the same period by 0.03 percentage points to 0.80 per cent.

Figure 2. Interest margins on new and outstanding loans with a mortgage to households. Sample of banks and mortgage companies
Figure 2. Interest margins on new and outstanding loans with a mortgage to households. Sample of banks and mortgage companies
Loans margin, new total loans secured on dwellings Loans margin, total outstanding loans secured on dwellings NIBOR
Des. 2013 2.26 2.33 1.72
Jan. 2014 2.28 2.35 1.69
Feb. 2014 2.24 2.30 1.73
Mar. 2014 2.19 2.25 1.77
Apr. 2014 2.04 2.18 1.83
May 2014 1.92 2.11 1.88
Jun. 2014 1.99 2.08 1.79
Jul. 2014 2.06 2.16 1.70
Aug. 2014 1.97 2.06 1.79
Sep. 2014 2.04 2.16 1.68
Oct. 2014 1.97 2.20 1.61
Nov. 2014 1.87 2.10 1.66
Dec. 2014 1.97 2.13 1.51
Jan. 2015 1.83 2.24 1.35
Feb. 2015 1.64 2.17 1.37
Mar. 2015 1.49 1.79 1.50
Apr. 2015 1.48 1.73 1.53
May 2015 1.52 1.76 1.48
June 2015 1.61 1.85 1.36
July 2015 1.57 1.88 1.29
Aug. 2015 1.67 1.83 1.15
Sep. 2015 1.64 1.82 1.14
Oct. 2015 1.49 1.81 1.11
Nov. 2015 1.37 1.62 1.20
Dec. 2015 1.38 1.56 1.15
Jan. 2016 1.36 1.51 1.19
Feb. 2016 1.43 1.61 1.07
Mar. 2016 1.45 1.65 1.02
Apr. 2016 1.38 1.63 1.01
May 2016 1.38 1.58 0.99
Jue 2016 1.34 1.50 1.03
July 2016 1.31 1.45 1.07
Aug. 2016 1.26 1.42 1.09
Sep. 2016 1.19 1.33 1.17
Oct. 2016 1.27 1.37 1.12
Nov. 2016 1.28 1.34 1.16
Dec. 2016 1.27 1.30 1.19
Jan. 2017 1.45 1.52 1.04
Feb 2017 1.44 1.5 1.06
Mar. 2017 1.54 1.57 0.99
Apr. 2017 1.54 1.57 0.99
May 2017 1.59 1.63 0.92
June 2017 1.67 1.71 0.84
July 2017 1.68 1.71 0.83
Aug. 2017 1.70 1.73 0.80

Low interest rate on loans to non-financial corporations

For new other repayment loans to non-financial corporations, the interest rate increased by 0.05 percentage points to 2.83 per cent in August, while the interest rate on outstanding loans fell by 0.02 percentage points to 2.91 per cent.

Low deposit rates

The interest rate on deposits was stable at 0.72 per cent.

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