He continued as well April the increase at interest rates grants while the counterparts of deposits remained “frozen” resulting in a further widening of the interest margin.

In more detail, according to her data Bank of Greece, the weighted average interest rate on new deposits remained almost unchanged at 0.25%, while the corresponding interest rate on new loans rose to 5.85%. As a result the interest margin between existing deposits and loans increased to 5.55% from 5.36% at the beginning of the year.

In particular, the average interest rate on overnight deposits from households remained almost unchanged at 0.02%, while the corresponding interest rate on corporate deposits remained unchanged at 0.10%.

The average interest rate on deposits with an agreed term of up to 1 year from households increased by 6 basis points to 1.22%. The corresponding interest rate on corporate deposits increased by 40 basis points to 1.87%

On the loans side, the average interest rate on consumer loans without a fixed term (category that includes credit card loans, open loans and overdrafts from current accounts) increased by 13 basis points and stood at 15.03%.

The average interest rate on consumer loans with a fixed term and variable interest rate increased by 71 basis points and stood at 12.79%. The average interest rate on variable rate mortgages increased by 24 basis points to 4.06%.

The average interest rate on non-term business loans rose 41 basis points to 6.36%. The corresponding interest rate on professional loans increased by 14 basis points and stood at 7.57%.

The average interest rate on new fixed-term and floating-rate business loans increased by 5 basis points in April 2023 to 5.56%. The average interest rate on regular maturity loans with a variable interest rate to small and medium enterprises (SMEs) increased by 37 basis points and stood at 6.05%.