The average interest rate on total deposits on an annual basis decreased by 0.03 percent, with July standing at 2.18%. The average interest rate on total loans recorded an annual decline of 0.23 percent and amounted to 4.68%.
The data show that the average interest rate on newly approved loans in July increased by 0.06 percent and 0.02 percent on a monthly and annual basis, amounting to 4.44%.
The average interest rate on newly accepted deposits recorded a monthly decline of 0.12 percent and amounted to 2.42%, with an annual growth of 0.07 percent.
The analysis of the data shows that interest rates on loans and deposits in foreign currency are increasing, but the change in denar interest rates affects the final amount of interest.
Thus, the interest rate on total household deposits in July increased by 0.01 percent and amounted to 2.11%. The growth is due to higher interest rates on denar deposits with a currency clause and interest rates on deposits in foreign currency (by 0.15 percent and 0.02 percent, respectively), while interest rates on denar deposits without a currency clause decreased (by 0.01 percent).
