Bank of Greece reports narrowing interest rate margin in September

The Bank of Greece reported a slight narrowing of the interest rate margin between new deposits and loans in September 2026. The weighted average interest rate for new deposits rose to 0.40 percent, up from 0.37 percent the previous month, while the rate for new loans decreased to 4.76 percent from 4.79 percent.

Specific data shows that interest rates for household deposits with a maturity of up to one year increased by 11 basis points to 1.28 percent. For businesses, the rate for deposits with a maturity of up to one year rose by 19 basis points to 2.16 percent.

In the lending sector, consumer loans with a fixed term and variable interest rate saw an increase of 49 basis points to 10.38 percent. Mortgage loans with variable rates also saw an increase of 33 basis points, reaching 3.72 percent. Business loans without a fixed term rose by 12 basis points to 4.87 percent, while professional loans increased by 14 basis points to 7.04 percent.