14-1-2013 — /europawire.eu/ — The Retail Interest Rate Statistics[1] cover lending to, and deposits from, households and non-financial corporations (NFCs) in the euro area by credit institutions resident in Ireland. Interest rates and business volumes refer to euro-denominated loans and deposits only. Irish residents accounted for approximately 99 per cent of outstanding household loan & deposit activity and 88 per cent of outstanding NFC loan & deposit activity at end-December 2011.
Interest rates on outstanding amounts cover all loans and deposits outstanding on the last working day of the month. Interest rates on new business volumes cover all new loan and deposit business agreed during the month[2]. For retail interest rate statistics purposes, new business is defined as any new agreement between the customer and the credit institution.[3]
View information release with charts and related data tables.
Households
Loans to Households
Deposits from Households
Non-Financial Corporations (NFCs)
Loans to NFCs
Deposits from NFCs
[1] Recent data are often provisional and may be subject to revision. The extensive set of Retail Interest Rate Statistics tables and Retail Interest Rate Statistics Explanatory Notes, are available on the Central Bank of Ireland website.
[2] New business volumes have been exceptionally low in various instrument categories during the last number of months. Low volumes of this nature can result in increased volatility within the interest rate series.
[3] This agreement covers all financial contracts that specify, for the first time, the interest rate of the deposit or loan, including any re-negotiation of existing deposits and loans. Automatic renewals of existing contracts, which occur without any involvement by the customer, are not included in new business.
[4] Short-term loans for consumption and other purposes with an agreed maturity of up to one year include both overdrafts and credit card debt.
[5] For the purpose of these statistics, deposits redeemable at notice cover both the household and NFC sectors. At end-December 2011, households accounted for 88 per cent of outstanding deposits redeemable at notice.
[6] Short-term loans are those with an original maturity up to one year. Medium-term loans have an original maturity of between one and five years.
[7] The weighted average interest rate on new loans to NFCs, up to €1 million, is often taken as a reasonably accurate proxy for the prevailing rate applicable to SME lending.
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