Euro area bank interest rate statistics: January 2025

• Composite interest rate for new deposits with agreed maturity from corporations decreased by 14 basis points to 2.66%; interest rate for overnight deposits from corporations broadly unchanged at 0.76%
• Composite interest rate for new deposits with agreed maturity from households decreased by 11 basis points to 2.34%; interest rate for overnight deposits from households broadly unchanged at 0.34%

Bank interest rates for corporations

Chart 1

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, decreased in January 2025. 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 decreased by 13 basis points to 4.18%. 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 18 basis points to 3.88%, 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 9 basis points to 3.51%. 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 30 basis points to 4.33%. As regards new deposit agreements, the interest rate on deposits from corporations with an agreed maturity of up to one year fell by 13 basis points to 2.67% in January 2025. The interest rate on overnight deposits from corporations stayed almost constant at 0.76%. 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 7 basis points to 4.56%.