Euro area bank interest rate statistics: April 2024

Data for cost of borrowing and deposit interest rates for corporations (Chart 1)

The composite cost-of-borrowing indicator, which combines interest rates on all loans to corporations, showed no change in April 2024. The interest rate on new loans of over €1 million with a floating rate and an initial rate fixation period of up to three months remained broadly unchanged at 5.19%. The rate on new loans of the same size with an initial rate fixation period of over three months and up to one year fell by 17 basis points to 4.99%, driven by both the interest rate and the weight effects. The interest rate on new loans of over €1 million with an initial rate fixation period of over ten years increased by 7 basis points to 4.03%. In the case of new loans of up to €250,000 with a floating rate and an initial rate fixation period of up to three months, the average rate charged fell by 19 basis points to 5.20%, driven by both the interest rate and the weight effects.
As regards new deposit agreements, the interest rate on deposits from corporations with an agreed maturity of up to one year stayed almost constant at 3.66% in April 2024. The interest rate on overnight deposits from corporations stayed almost constant at 0.91%.
The interest rate on new loans to sole proprietors and unincorporated partnerships with a floating rate and an initial rate fixation period of up to one year decreased by 5 basis points to 5.57%.