Portuguese entrepreneurs pay the lowest interest was the euro, although pay double the European counterparts.

Portuguese entrepreneurs did not pay so little for bank credit for at least 15 years. After several years to bear high interest rates, through aggressive hikes ‘spreads’, domestic enterprises now pay the cheapest credit was euro. A reality that reflects above all the vertiginous declines in indices, with the Euribor one month in negative territory, at -0.043%. Nevertheless, the average interest rate in Portugal are still double the rates prevailing in the euro area.

In March, the average rate of new corporate loans fell from 4.22% to 4.08%, according to data published yesterday by the European Central Bank. This is the lowest value on record, ie January 2000, when banks were charging an average of 4.8%. A trend that is noticed especially in lending to smaller firms, although lower values continue to be charged to the credit above one million euros.

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