Average interest rates on loans and deposits decline further in May

28.06.2010 Source: BNB; FFBH

Average interest rates on BGN-denominated loans of up to €1m for corporates decreased by 0.25pp YoY to 10.91% in May, while interest rates for corporate loans denominated in euro decreased by 0.55pp YoY to 9.54%. Average interest rates on consumer loans in BGN decreased by 1.21pp YoY to 12.75% as of May 2010, while the average interest rates on mortgage loans in BGN fell by 1.84pp YoY to 8.55% Interest rates on other BGN-denominated loans dropped by 0.99pp YoY to12.0%. The average interest rates on new corporate deposits in BGN decreased by 1.21pp YoY to 4.48% as of end-May 2010, while interest rates on household deposits declined to 6.22%, down 2.02pp YoY. The average interest rates on new corporate deposits in euro decreased to 4.19% in May, down 0.64pp YoY, while interest rates on household deposits were at 5.05%, down 1.68pp YoY.