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Interest Rates (INT)

The data on Interest Rates (INT), processed and published according to the methodology defined with the International Monetary Fund (IMF), represent the average interest rates on time deposits and loans to customers within the San Marino banking system. These data are included in the "6SR" statistical model, part of the Monetary and Financial Statistics (MFS) transmitted monthly to the IMF.

The INT statistics provide the following quarterly data:

Time Deposit Rate: the average rate charged on time deposits. This is calculated as the ratio of quarterly interest received to the average amount of term deposits. Beginning September 2016 the Time Deposit Rate is the weighted average interest rate for new business with an agreed maturity for households and nonfinancial corporations.

Average Lending Rate: the average rate charged on customer loans. This is calculated as the ratio of quarterly interest income from customer loans to the average amount of loans gross of accrued interest. Beginning September 2016, the Average Lending Rate is the weighted average interest rate for new business loans excluding revolving loans and overdrafts, convenience and extended credit card debt for households and nonfinancial corporations.