Deposit interest rates in Lithuania are close to the euro area average, while those on loans remain among the highest

Please note that interest rates on new business¹ of loans of credit institutions operating in Lithuania and deposits as well as volumes thereof cover loans granted to euro area residents and their deposits.

Interest rates² on loans and new business of deposits with agreed maturity of euro area credit institutions to euro area residents published by the ECB show that:

• In March 2025, the interest offered to households (residents) on all deposits with agreed maturity in Lithuania was close to the euro area average;
• a comparison of the data for March 2025 and December 2024 shows that all interest rates on deposits and loans examined in Lithuania have decreased;
• interest rates on household deposits with agreed maturity with credit institutions operating in Lithuania and their euro area average declined by 0.58 percentage points and 0.34 percentage points respectively in three months³, to 2.12% and 2.11% respectively. This was the second largest decline in the euro area, with only Estonia recording a further decrease of 0.7 percentage points over this period. Lithuania fell to from the sixth to the ninth position during this period (see Chart 1);

Chart 1. Interest rates on and volumes of new business of household deposits with agreed maturity

• interest rates on non-financial corporation deposits with agreed maturity with credit institutions operating in Lithuania and their euro area average declined by 0.37 percentage points and 0.47 percentage points respectively in three months, to 2.26% and 2.33% respectively. Lithuania moved up to the ninth position in terms of interest rates, remaining below the euro area average (see Chart 2);

Chart 2. Interest rates on and volumes of new business of non-financial corporation deposits with agreed maturity

• both the interest rates on housing loans granted by credit institutions operating in Lithuania to households and their euro area average declined by 0.16 percentage points and 0.04 percentage points respectively in three months, to 4.2% and 3.31% respectively. Lithuania remained in the third position (see Chart 3);

Chart 3. Interest rates on and volumes of new business of household loans for house purchase

• the interest rates on loans for consumption granted by credit institutions operating in Lithuania to households dropped by 0.6 percentage points to 8.65%, while the euro area average increased by 0.11 percentage points to 7.52%. As a result, Lithuania moved down from the fifth to the sixth/seventh position which it currently shares with Italy (see Chart 4);

Chart 4. Interest rates on and volumes of new business of household loans for consumption

• in the past three months, interest rates on loans to households for other purposes granted by credit institutions operating in Lithuania decreased by 1.66 percentage points to 6.82%, while the average interest rates of euro area countries went up by 0.01 percentage point to 4.36%. Lithuania remained in the second position among euro area countries in terms of interest rates (see Chart 5);

Chart 5. Interest rates on and volumes of new business of household loans for other purposes

• in three months, both the interest rates on loans granted by credit institutions operating in Lithuania to non-financial corporations (companies) and the average interest rates on these loans in the euro area decreased by 0.29 percentage points and 0.42 percentage points respectively, to 4.98% and 3.8% respectively. In Lithuania, however, these rates are among the highest in euro area countries, i.e. 118 basis points above the euro area average (see Chart 6).

Chart 6. Interest rates on and volumes of new business of loans to non-financial corporations

¹ Weighted interest rates on new business during the reporting month, in percentages per annum.

² New business covers financial contracts that specify for the first time the interest rate on a loan or the deposit rate, and contracts for existing loans or deposits, which were renegotiated. New business does not cover revolving loans and overdrafts, as well as credit card debt. New business deposits do not cover automatic renegotiations of existing deposit contracts.

³ Comparison of data of September and December 2024.

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Statistics, Monetary and financial statistics