Composite cost of borrowing for non-financial corporations
Monthly composite interest rate on new bank loans to non-financial corporations, in percent per year. Rates across corporate loan categories are combined using 24-month moving averages of new loan volumes.
Annualised agreed rates or narrowly defined effective rates (AAR/NDER) exclude fees and other charges. Corporations are non-financial companies, ESA 2010 sector S.11; the classification changed in December 2014. The euro area aggregate has changing membership. Country histories start at different dates; values may be revised.
Key facts
- Latvia had the highest composite cost of borrowing for non-financial corporations of 21 EU countries in August 2026, at 5.75%, and The Netherlands the lowest, at 2.97%. Source: the European Central Bank.
- Published for 22 places, with figures from January 2003 to August 2026.
Rankings
EU countries by composite cost of borrowing for non-financial corporations, August 2026
Places with data
World, EU and euro area
Countries
- Germany
- France
- Italy
- Spain
- Netherlands
- Belgium
- Portugal
- Greece
- Austria
- Bulgaria
- Estonia
- Ireland
- Slovenia
- Slovakia
- Croatia
- Cyprus
Use this data in your AI agent
Invokely serves this figure to AI assistants through MCP and to code through a REST API, with the source and citation attached. Ask your assistant:
Which places have the highest composite cost of borrowing for non-financial corporations? Use official data and cite it.
rank_places {"indicator":"ecb_business_borrowing_cost","level":"country","within":"European Union (27)"}
GET https://invokely.ai/api/v1/rank?indicator=ecb_business_borrowing_cost&level=country&within=European%20Union%20(27)