Greek banks' raise deposit interest rates in July
02. September 2010. | 14:15
Source: ANA
Greek banks’ deposit interest rates rose to 3.71 pct in July, from 3.61 pct in June and 2.10 pct in December 2009, the Bank of Greece said on Wednesday.
Greek banks’ deposit interest rates rose to 3.71 pct in July, from 3.61 pct in June and 2.10 pct in December 2009, the Bank of Greece said on Wednesday.
The central bank, in a report, said Greek banks’ limited liquidity this year has pushed deposit interest rates higher.
The report showed that lending interest rates, with the exception of business loans of more than 1.0 million euros, were largely unchanged.
The average rate for consumer loans (including credit cards, open loans and overdraft) fell 0.08 pct to 14.29 pct, while the average business loan rose by 0.27 pct to 6.73 pct.
The average mortgage loan rate (for a period up to 12 months) rose significantly to 3.54 pct, while the rate for mortgage loans with a duration between one and five years fell to 4.52 pct.




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