The average interest rate on new housing loans issued to households with collateral, not including renegotiated contacts, was 4.77% in September, which was 0.25% lower than a month previously and 0.91% lower on the year, the Bank of Estonia has announced.
EUR 204 million were issued to households as housing loans in September, and that was EUR 14 million more than in August and EUR 57 million more than a year earlier, the central bank added.
Motor vehicle leases worth EUR 38 million were taken out in September, which was EUR 6 million more than the previous month and EUR 11 more than a year earlier. The average interest rate on car leases was 5.24% in September (0.17% and 0.84% less respectively). Credit card loans of EUR 68 million were granted in September.
Repayment of household loans that were overdue by more than 60 days amounted to EUR 43 million in September, as against EUR 55 million in August and EUR 34 million last year. EUR 19 million of mortgage loans were overdue, which was 0.2% of the total. The volume of other overdue household loans declined in September in part because one bank transferred its portfolio of such loans to a subsidiary creditor.
Household deposits stood at EUR 12.5 billion in September, which was EUR 66 million more than last month and EUR 983 million more than a year ago. Term deposits grew by 35.1% on the year, with average interest rates at 3.54%. The rate a month ago was the same, and it was 3.64% one year ago.
The value of long-term loans and leases issued to companies in September was EUR 30 million (EUR 2 million less than last month, EUR 90 million more than a year ago). The largest growth on the year was in retail (EUR 57 million) and in real estate and construction (EUR 26 million). The only decline was in infrastructure, where it was EUR 8 million.
Corporate loans overdue by more than 60 days totalled EUR 38 million in September (EUR 27 million las month, EUR 26 million on the year).
Cor[orate deposits grew by 2.9% over the year to September to reach EUR 10.1 billion. Time deposits made up EUR 3.3 billion of that, up from EUR 2.2 billion a year earlier.
Source: BNS
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