/nginx/o/2017/02/09/6323455t1h0c72.png)
/nginx/o/2012/11/04/1409944t1h98f3.jpg)
Companies took out 742 million euros of new loans and leases in July and the loan turnover for the month was the highest of any individual month this year, the central bank said on Monday.
Loan turnover reaches year's highest level in July
Please note that the article is more than five years old and belongs to our archive. We do not update the content of the archives, so it may be necessary to consult newer sources.
Because of the base effect the loan turnover was only 1 percent higher than a year before. Around one quarter of the loans that were taken out were long-term loans, and one third of these long-term loans went to the real estate and construction sector.
Households signed more than 1900 loan contracts and took out 64 million euros in new housing loans. Both the number of transactions and their total value were one third higher than a year earlier.
The average interest rate for housing loans granted in July was 2.5 percent and the average rate for long-term corporate loans was 2.9 percent.
Loans that were more than 60 days overdue made up 2.8 percent of the total loan portfolio by volume.
Annual growth in real sector deposits slowed to 3 percent in July.