The Central Bank of Cyprus published Monetary Financial Institutions statistics on weighted-average interest rates for euro-denominated deposits and loans with euro area residents for August 2025, alongside data on new lending volumes. The release shows unchanged household short-term deposit rates, mixed movements in borrowing costs, and a marked fall in net new lending versus the previous month. For new business (including renegotiated contracts), household deposits with a maturity of up to one year held at 1.08%, while deposits from non-financial corporations fell to 1.15% from 1.21%. Consumer loan rates declined to 7.09% from 7.40%, loans for home purchase edged up to 3.91% from 3.87%, and lending to non-financial corporations decreased to 4.19% from 4.29% for amounts up to EUR 1 million, while rising marginally to 4.30% from 4.29% for amounts above EUR 1 million. Net new loans fell to EUR 245.5 million (out of EUR 420.4 million total new loans) from EUR 445.3 million (out of EUR 743.5 million), with declines across consumer lending (EUR 20.4 million), house purchase lending (EUR 96.3 million), corporate lending up to EUR 1 million (EUR 38.1 million) and corporate lending above EUR 1 million (EUR 83.9 million). The Central Bank also reported that interest rates on existing loans to households stood at 3.98% versus 3.95% for the euro area, while existing loans to non-financial corporations were 4.26% versus 3.78% for the euro area.
Central Bank of Cyprus 2025-10-02
Central Bank of Cyprus publishes August 2025 MFI interest rate statistics showing lower consumer and SME lending rates and a drop in net new loans
The Central Bank of Cyprus released August 2025 statistics on euro-denominated deposits and loans, showing stable household short-term deposit rates and varied borrowing costs. Consumer loan rates decreased to 7.09%, while home purchase loans slightly increased to 3.91%. Net new loans dropped significantly to EUR 245.5 million from EUR 445.3 million the previous month.