Greek banks raised their saving and lending interest rates in June, which reflects limited liquidity in the domestic banking system, stated The Bank of Greece on Monday. In a report, the central bank said interest rates for 12 month deposits rose to 3.61% in July from 3.42% in June, and was significantly higher compared with 2.98% in December 2009.
Lending interest rates in consumer credit including credit cards, rose by 0.45% to 14.37%; from 13.92% in the previous month. Business loans also rose by 0.17% to 6.46%, while the average interest rate on business loans was set at 5.90%.
The interest rate for saving deposits by households with a duration for up to two years, rose to 3.05% from 2.91%. Mortgage rates with a duration of more than 5 years eased slightly to 3.66% from 3.82%.
(source: ana-mpa)
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