Central Bank of Cyprus publishes July 2025 MFI interest rate and new lending statistics

The Central Bank of Cyprus released average interest rate statistics for Cypriot monetary financial institutions on euro-denominated deposits and loans to euro area residents, alongside data on new loan amounts for the July 2025 reference month, published in the August 2025 Monetary and Financial Statistics and complemented by euro area comparisons in the European Central Bank Data Portal. On new and renegotiated contracts, the household deposit rate (up to one year maturity) fell to 1.08% from 1.13%, while the equivalent rate for non-financial corporations rose to 1.21% from 1.18%. Loan rates moved mixed: consumer loans increased to 7.40% from 7.01%, home purchase loans decreased to 3.87% from 3.95%, and loans to non-financial corporations moved to 4.29% for both size bands, down for amounts up to EUR 1 million (from 4.39%) and up for amounts above EUR 1 million (from 4.04%). Net new loans declined to EUR 445.3 million (out of EUR 743.5 million total new loans) from EUR 642.8 million (out of EUR 959.5 million), driven mainly by a fall in net new lending to non-financial corporations above EUR 1 million to EUR 230.9 million from EUR 420.6 million; net new consumer loans rose to EUR 24.9 million from EUR 23.2 million, while net new house purchase loans fell to EUR 125.1 million from EUR 131.4 million. The release also reported existing loan rates in Cyprus at 4.05% for households (euro area 3.96%) and 4.31% for non-financial corporations (euro area 3.79%).