# Bank lending–deposit growth gap | PIER20 benchmarks

Is bank lending growing faster than deposits?

Bank lending–deposit growth gap tracks private-loan growth minus private-deposit growth. It uses monthly data.

The latest data is from **June 2026**. The Private loans YoY reading is **3.54%**. The Private deposits YoY reading is **5.07%**. The Lending–deposit gap reading is **-1.53 pp**. The Private loans YoY line is up 1.5 pp over the past year. It is above its long-run median of 2.08%.

## Summary statistics (full history)

| Series | First | Latest | Min | Max |
|---|---|---|---|---|
| Private loans YoY | 4.59 | 3.54 | -2.81 | 10.87 |
| Private deposits YoY | 8.54 | 5.07 | -11.11 | 18.07 |
| Lending–deposit gap | -3.95 | -1.53 | -16.14 | 11.62 |

## Last 24 readings

| Date | Private loans YoY | Private deposits YoY | Lending–deposit gap |
|---|---|---|---|
| Jun 2024 | 0.19 | -4.10 | 4.29 |
| Jul 2024 | 0.17 | -3.45 | 3.62 |
| Aug 2024 | 0.41 | -2.43 | 2.83 |
| Sep 2024 | 0.62 | -1.53 | 2.14 |
| Oct 2024 | 0.70 | -0.02 | 0.72 |
| Nov 2024 | 0.71 | 1.27 | -0.55 |
| Dec 2024 | 1.08 | 2.38 | -1.30 |
| Jan 2025 | 1.28 | 3.01 | -1.73 |
| Mar 2025 | 1.64 | 4.08 | -2.44 |
| Apr 2025 | 1.80 | 4.34 | -2.54 |
| May 2025 | 1.84 | 4.88 | -3.04 |
| Jun 2025 | 2.03 | 4.63 | -2.60 |
| Jul 2025 | 2.18 | 5.31 | -3.13 |
| Aug 2025 | 2.36 | 5.23 | -2.88 |
| Sep 2025 | 2.32 | 5.58 | -3.26 |
| Oct 2025 | 2.42 | 5.52 | -3.10 |
| Nov 2025 | 2.52 | 5.26 | -2.73 |
| Dec 2025 | 2.51 | 4.67 | -2.17 |
| Jan 2026 | 2.84 | 5.88 | -3.04 |
| Feb 2026 | 2.94 | 5.76 | -2.82 |
| Mar 2026 | 3.07 | 5.93 | -2.86 |
| Apr 2026 | 3.17 | 5.44 | -2.27 |
| May 2026 | 3.49 | 5.10 | -1.60 |
| Jun 2026 | 3.54 | 5.07 | -1.53 |

## How to read this benchmark

**How to read it.** A positive gap means private loans grow faster than private deposits. A negative gap means deposits grow faster.

## How this benchmark is used

**Why traders watch it.** Traders use this benchmark to assess whether loan growth exceeds deposit growth.

## Frequently asked questions

**What is the latest reading for Bank lending–deposit growth gap?**

The latest data is from June 2026. The Private loans YoY reading is 3.54%. The Private deposits YoY reading is 5.07%. The Lending–deposit gap reading is -1.53 pp. The Private loans YoY line is up 1.5 pp over the past year. It is above its long-run median of 2.08%.

**How often does this benchmark update?**

The source publishes monthly data. PIER20 updates the page after each new observation. The chart shows the data date and fetch date.

**What data sources does this chart use?**

The European Central Bank Data Portal publishes the data. The methodology section lists each source series.

**Where does the data come from?**

The European Central Bank (ECB) publishes the source data. The source table lists each series and its exact link.

## Methodology

- Formula: Private-loan growth minus private-deposit growth
- Frequency: Monthly
- Sources: Private loans YoY (private-loans-yoy) https://data-api.ecb.europa.eu/service/data/BSI/M.U2.Y.U.A20T.A.1.U2.2250.Z01.E; Private deposits YoY (private-deposits-yoy) https://data-api.ecb.europa.eu/service/data/BSI/M.U2.Y.V.L21.A.1.U2.2250.Z01.E; Lending–deposit gap (lending-deposit-gap) https://data-api.ecb.europa.eu/service/data/BSI/M.U2.Y.U.A20T.A.1.U2.2250.Z01.E. Data via the European Central Bank Data Portal.
- Data through: June 2026
- Last refreshed: 11 Aug 2026

Full interactive chart: https://pier20.com/benchmarks/euro-area-lending-deposit-growth-gap
Disclaimer: research software output, not investment advice.