Banks, Financial Services, Latvia, Loan, Real Estate
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Thursday, 25.04.2024, 14:07
Avg interest rate of housing loans slightly rises in Estonia
Print version"The average
interest rate of housing loans issued in July was 2.4% and the average interest
rate of long-term business loans was 2.5%," economist at the Bank of
Estonia Mari Tamm said.
The lending activity of
households remained on the same level as in previous months. New housing loans
issued in July totaled 88 mln euros and the whole portfolio increased 4.4% on
year. The volume of car leases also grew fast -- 16.4% year-on-year.
"Like in previous
months the loan and lease portfolio of companies and households also increased
quite fast in July 2016, totaling 5.3% compared to the same month a year
ago," Tamm said. The total volume of loans and leases grew by nearly
100 mln euros on month to 16.6 bln euros.
Compared to July 2015
the loan and lease portfolio of companies grew 5.8 % in July. Long-term loans
in the amount of 199 mln euros were issued.
The volume of deposits
of companies and households was 11 bln euros in July which is 7.3% more than
the year before.
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