Slovenia - Lending Rate





Slovenia: Lending Rate

Mnemonic IRLEND.ISVN
Unit %, NSA
Adjustments Not Seasonally Adjusted
Monthly
Data May 2017 2.38
Apr 2017 2.46

Series Information

Source Bank of Slovenia
Release Interest Rates
Frequency Monthly
Start Date 1/31/2004
End Date 5/31/2017

Slovenia: Markets

Reference Last Previous Units Frequency
Stock Market Index 23 May 2019 873.51 859.83 Index, NSA Daily
Average Long-term Government Bond May 2017 0.98 1 % Monthly
Lending Rate May 2017 2.38 2.46 %, NSA Monthly
Money Market Rate May 2017 -0.36 -0.36 %, NSA Monthly
Treasury Bills (over 31 days) May 2017 -0.33 -0.33 %, NSA Monthly

Release Information

The source, the Bank of Slovenia, produces and releases several interest rates including the EONIA and EURIBOR.

EONIA (Euro Over Night Index Average) is the effective overnight reference rate for the euro. It is computed as a weighted average of all overnight unsecured lending transactions undertaken in the interbank market, initiated within the euro area by the contributing banks.

EURIBOR is the money market reference rate for the euro at which euro interbank term deposits are being offered within the EMU zone by one prime bank to another.

TOM is annual interest rate, calculated by Statistical Office of the Republic of Slovenia and is used for preserving the value of financial liabilities and assets in domestic currency.

New loans represent new contracts in the reference month. Data for consumer loans to households is collected on the representative sample of new loans (limited number of reports, minimal amount of a single loan) up to and including December 2005, further on data represents all new consumer contracts. Any automatically changed conditions of lending contracts do not represent new business. 

Interest rate on new business is a nominal interest rate increased by a sum of base interest rate or interest rate bounded to the euro exchange clause and subsidy per annum. Average interest rate on new business does not include any administrative or other costs. 

All the interest rates are nominal weighted arithmetic averages, where value of certain type of loan represents the weight, except for foreign currency loans where the growth of foreign exchange rate is not taken into consideration. 

The interest rates are presented separately, according to their type:

NOM = a nominal interest rate, without indexation, 
TOM = an interest rate is bound to the base interest rate (TOM), 
D = an interest rate is bound to the euro exchange clause.

The annual averages are computed as simple arithmetic averages of monthly data.

Until 12-31-2006 

SIONIA during which time the figures are annual nominal interest rates for unsecured Slovenian total overnight deposits on the Slovenian interbank market.

SITIBOR is the rate at which Slovenian interbank term deposits had been offered by one prime bank to another.

SIONIA and SITIBOR had been valid from 7-14-2003 to 12-31-2006. After which time EONIA and EURIBOR were used. 

Up to and including December 2005 average interest rates on new loans are calculated on a basis of the data of the eight biggest banks, selected by balance-sheet-total criterion. Starting in January 2006 data series represent average interest rates of all monetary and financial institutions.

Methodology notes were obtained from the Bank of Slovenia: http://www.bsi.si/pxweb/Dialog/Database/ang/serije/02_fin_trgi/01_om/01_om.asp