Statistical indicators of interest rates^[1] of credit institutions on their main sources of funds in euros mostly recorded a decrease in January 2025, on quarterly and annual level.

As regards the main sources of funds obtained by credit institutions from the household sector, the average of interest rates on savings deposits stood at 0.19% in January 2025, up by 0.01 percentage point from January last year. The averages of interest rates on short-term and long-term time deposits were lower in January 2025 than the levels recorded in January 2024, with a more pronounced drop in short-term time deposits. In January 2025, the average of interest rates stood at 1.76% for short-term time deposits and 1.20% for long-term time deposits. Compared to January 2024, this is a decrease of 0.49 and 0.42 percentage points for short-term deposits and long-term deposits respectively. A somewhat smaller contraction was recorded on a quarterly level, of 0.37 and 0.13 percentage points for short-term deposits and long-term deposits respectively.

Figure 1 Averages of interest rates on household savings and time deposits

The averages of interest rates on time deposits of non-financial corporations reached 2.63% for short-term deposits and 0.49% for long-term deposits in January 2025. Compared to January 2024, a decline of 0.78 was recorded for short-term deposits, with a more pronounced drop in long-term deposits, of 1.73 percentage points. The values of interest rates for long-term deposits continue to fluctuate in the annual period.

Figure 2 Averages of interest rates on time deposits of non-financial corporations

Statistical indicators of interest rates of credit institutions for the most important types of euro loans recorded a decrease in January 2025 on annual and quarterly level.

As for the main categories of household loans, the highest average of interest rates in January 2025, of 5.73%, was recorded for general-purpose and other loans. The lowest average of interest rates in January 2025, of 3.60%, was seen in housing loans. In January 2025, the average of interest rates on loans in the form of transaction account overdrafts stood at 5.51%, while for credit card loans^[2] it was 3.85%.

Figure 3 Averages of interest rates on newly granted household loans

For the main categories of loans granted to non-financial corporations in January 2025, the average of interest rates was 3.82% for short-term loans and 4.70% for long-term loans. Both loan categories recorded an annual fall, of 1.17 percentage points for short-term loans and 0.48 percentage points for long-term loans. On a quarterly level, short-term loans and long-term loans witnessed a somewhat smaller decline, of 0.40 percentage points and 0.04 percentage points respectively.

Figure 4 Averages of interest rates on newly granted loans to non-financial corporations

Statistical data time series:^[3]

Interest rates of credit institutions in the RC
MFI interest rate statistics for euro area countries

1. Statistical indicators of interest rates are calculated as weighted monthly averages of agreed (nominal) interest rates on new deposit and loan contracts between credit institutions and their clients from the domestic household sector (citizens and non-profit organisations) and the non-financial corporate sector (corporations outside the financial sector and the government sector) in a given month. New contracts include all contracts that specify the interest rate for the first time, and all renegotiations of the terms and conditions of the existing contracts. The weights used in the calculation are contracted amounts of newly received deposits and newly granted loans, with the exception of transaction accounts and demand deposits as well as transaction account overdrafts and credit card loans, which are assumed to be contractually renewed each month, but in indefinite amounts; for this reason, the weights used are their corresponding book balances at the end of a month. Indicators that are being calculated differ according to the instrument, maturity and institutional sector to which deposits and loans relate. As of January 2023, data refer only to the euro. For data before 2023, a kuna loan/deposit indexed to euro is also considered to be a euro loan/deposit (except for savings deposits, transaction account overdrafts and credit card loans where all currencies are included). ↑

2. In October 2024, there was a change in the scope of loans included in the calculation of this interest rate. ↑

3. The statistical indicators of interest rates of credit institutions in the RC, published by the CNB, may be different from the statistical indicators of interest rates of credit institutions in the RC published by the ECB. The differences in the values of comparable indicators stem predominantly from the differences in the concept of residency used when calculating these indicators from the initially collected data. ↑