Obligation to report interest rates applied

Credit institutions must inform the Banco de España, for statistical purposes, of the interest rates they apply to deposits from –and loans to– households and non-financial corporations, on a monthly basis.

This obligation was first established by Article 5.1 of the Statute of the European System of Central Banks and of the European Central Bank, giving the ECB the task of collecting the necessary statistical information, with the assistance of the national central banks.

Following the publication of Regulation (EC) 290/2009 (in Spanish)Abre en ventana nueva, of 31 March 2009, concerning statistics on interest rates applied by monetary financial institutions to deposits and loans vis-à-vis households and non-financial corporations, the Banco de España currently complies with this Regulation through Circular 1/2010, of 27 January (in Spanish)Abre en ventana nueva, with the purpose of obtaining the requested information from financial institutions.

You can therefore obtain information about the aggregate data (average interest rates weighted by loan principal), both in annual equivalent rate and effective rate terms on some of the most significant transactions. The information provided includes lending rates (charged by banks when lending money) and deposit rates (paid to customers when depositing their money).

To access all this information see Chapter 19 of Banco de España’s Statistical BulletinAbre en ventana nueva.


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