At the same time, the interest rate on mortgages increased to 2.28%, the highest it has been in nearly three and a half years.

In particular, according to the official data, the interest rate on deposits from households with an agreed maturity of up to one year remained unchanged at 0.05%, compared with the previous month.

The corresponding interest rate on deposits from non-financial corporations registered an increase to 0.01%, compared with -0.04% in the previous month.

Regarding lending rates, the interest rate on consumer credit fell to 2.91%, compared with 3.00% in the previous month.

At the same time, the interest rate on loans for home purchases increased to 2.28%, compared with 2.20% in the previous month.

The interest rate on loans to non-financial corporations for amounts up to €1 million increased to 3.31%, compared with 3.16% in the previous month.

The interest rate on loans to non-financial corporations for amounts over €1 million registered an increase to 2.97%, compared with 2.45% in the previous month.

In relation to new loans, the Central Bank data show that total new loans recorded an increase of €362.9 million in May this year, compared with €264.5 million in the previous month.

In particular, new loans for consumption increased to €19.4 million, compared with €13.0 million in the previous month.

New loans for home purchases recorded an increase of €114.7 million, compared with €73.1 million in the previous month.

New loans to non-financial corporations for amounts up to €1 million rose to €55.1 million, compared with €51.0 million in the previous month.

New loans to non-financial corporations for amounts over €1 million registered an increase to €162.5 million, compared with €120.5 million in the previous month.

Source: Knews