What is the euro-area average business lending rate?

The euro-area average is 3.63%.

Eurozone business lending rate by country

Business lending rate across the euro area (periods shown: June 2026 · July 2026 · August 2026) ranges from 5.79% (Latvia) down to 2.95% (Luxembourg), against a euro-area average of 3.63%.

					12-mo trend
🇱🇻Latvia	5.79%August 2026	4.79%	▲ 1.00	▼ 0.87	▼
🇱🇹Lithuania	5.01%August 2026	4.83%	▲ 0.18	▲ 0.08	▲
🇪🇪Estonia	4.62%August 2026	5.21%	▼ 0.59	▼ 0.58	▼
🇲🇹Malta	4.60%August 2026	4.28%	▲ 0.32	▼ 0.09	▼
🇸🇰Slovakia	4.60%August 2026	4.56%	▲ 0.04	▲ 0.45	▲
🇸🇮Slovenia	4.44%August 2026	4.06%	▲ 0.38	▲ 0.52	▲
🇮🇪Ireland	4.43%August 2026	4.57%	▼ 0.14	▼ 0.15	▼
🇧🇬Bulgaria	4.36%August 2026	4.15%	▲ 0.21	▲ 0.24	▲
🇬🇷Greece	4.28%July 2026	4.26%	▲ 0.02	▼ 0.55	▼
🇵🇹Portugal	4.16%August 2026	4.04%	▲ 0.12	▲ 0.62	▲
🇭🇷Croatia	3.98%August 2026	3.53%	▲ 0.45	▲ 0.36	▲
🇧🇪Belgium	3.80%August 2026	3.77%	▲ 0.03	▲ 0.44	▲
🇦🇹Austria	3.79%August 2026	3.74%	▲ 0.05	▲ 0.29	▲
🇨🇾Cyprus	3.76%August 2026	4.04%	▼ 0.28	▼ 0.36	▼
🇮🇹Italy	3.71%August 2026	3.79%	▼ 0.08	▲ 0.32	▲
🇫🇷France	3.67%August 2026	3.61%	▲ 0.06	▲ 0.27	▲
🇩🇪Germany	3.59%August 2026	3.78%	▼ 0.19	▲ 0.36	▲
🇫🇮Finland	3.59%June 2026	3.54%	▲ 0.05	▼ 0.58	▼
🇪🇸Spain	3.57%August 2026	3.68%	▼ 0.11	▲ 0.33	▲
🇳🇱Netherlands	3.00%August 2026	3.22%	▼ 0.22	▼ 0.40	▼
🇱🇺Luxembourg	2.95%August 2026	2.97%	▼ 0.02	▼ 0.93	▼

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Source: ECB (MIR) · updated 2026-10-05 · modifications: none

See the euro-area aggregate →

Frequently asked questions

Which euro-area country has the highest business lending rate?: Latvia, at 5.79%.
Which euro-area country has the lowest business lending rate?: Luxembourg, at 2.95%.
What is the euro-area average business lending rate?: The euro-area average is 3.63%.