Greek banks’ lending and deposit interest rates rose last year, with the exception of the five-year fixed rate mortgage loan, which fell by 0.65 percent, the Bank of Greece announced on Wednesday.
The central bank, in a report, said saving deposits rates rose significantly, with time deposit rates up to 12 months rising to 3.68 percent in December 2010, from 2.10 percent in December 2009. Lending rates rose last year, with interest on consumer loans rising to 14.40 percent in December from 14.08 percent a year earlier and business loans rising to 6.79 percent from 5.81 percent over the same period, respectively.
The fluctuating interest on mortgage loans rose slightly to 3.65 percent from 3.08 percent.
source: ANA
