# EU countries by composite cost of borrowing for non-financial corporations, August 2026

All 21 values come from European Central Bank for 2026-08, so the places are comparable.

- Indicator id: `ecb_business_borrowing_cost`
- Unit: %
- Definition: 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.
- Source: European Central Bank, ECB MIR composite cost of borrowing for non-financial corporations, new business (A2I.AM.R.A.2240.EUR.N) (https://data-api.ecb.europa.eu/service/data/MIR/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.B.A2I.AM.R.A.2240.EUR.N?format=csvdata&startPeriod=2003-01)
- Publisher page: https://invokely.ai/en/publishers/european-central-bank
- Retrieved: 2026-10-12
- Citation: European Central Bank. ECB MIR composite cost of borrowing for non-financial corporations, new business (A2I.AM.R.A.2240.EUR.N). https://data-api.ecb.europa.eu/service/data/MIR/M.AT+BE+BG+CY+DE+EE+ES+FI+FR+GR+HR+IE+IT+LT+LU+LV+MT+NL+PT+SI+SK+U2.B.A2I.AM.R.A.2240.EUR.N?format=csvdata&startPeriod=2003-01. Retrieved 2026-10-12.
- Web page: https://invokely.ai/rankings/business-borrowing-cost/eu-countries

| Rank | Place | % |
|---:|---|---:|
| 1 | Latvia | 5.75 |
| 2 | Lithuania | 5.03 |
| 3 | Estonia | 4.69 |
| 4 | Slovakia | 4.48 |
| 5 | Greece | 4.44 |
| 6 | Malta | 4.37 |
| 7 | Slovenia | 4.33 |
| 8 | Ireland | 4.3 |
| 9 | Portugal | 4.24 |
| 10 | Finland | 4.16 |
| 11 | Croatia | 4.06 |
| 12 | Bulgaria | 4.05 |
| 13 | Germany | 3.88 |
| 14 | Belgium | 3.86 |
| 15 | Italy | 3.85 |
| 16 | Cyprus | 3.83 |
| 17 | Austria | 3.74 |
| 18 | France | 3.7 |
| 19 | Spain | 3.63 |
| 20 | Luxembourg | 3.17 |
| 21 | Netherlands | 2.97 |