The lending margins of MFIs are calculated using MFI interest rate statistics. Lending margins are measured as the difference between MFIs’ interest rates on new business loans and a weighted average interest rate on new deposits from households and non-financial corporations. In the case of non-euro area countries, rates on loans and deposits in both euro and the national currency are taken into account. For the lending margins of MFIs resident in euro area countries, interest rates refer to loans to euro area residents, while for those of MFIs resident in non-euro area countries, rates refer to loans to domestic residents.
Lending margins are measured as the difference between MFIs’ interest rates for new loans to households for house purchase (new business loans to non‐financial corporations excluding revolving loans and overdrafts, convenience and extended credit) and a weighted average rate of new deposits with agreed maturity from households and non‐financial corporations.
For non‐euro area countries, rates for loans and deposits in both euro and the national currency are used. The spread is calculated as the difference between the average lending rates and the average deposit rate, where average rates are calculated using the business volumes in both euro and national currency as weights.