The Central Bank of Cyprus released updated statistics on monetary financial institutions’ average interest rates for euro-denominated deposits and loans to euro area residents, alongside data on new lending volumes for June 2025. The update shows slightly lower household deposit rates, higher household borrowing rates for consumer credit and home purchase, lower interest rates on new loans to non-financial corporations, and a sharp increase in net new lending. For new deposit contracts, the average rate on household deposits with maturity up to one year fell to 1.13% from 1.16%, while the corresponding rate for non-financial corporations was unchanged at 1.18%. For new loan contracts with variable rates and an initial rate fixation period of up to one year, consumer loan rates increased to 7.01% from 6.77% and home purchase loan rates rose to 3.95% from 3.81%, with the Central Bank noting that shifts in the composition of the housing loan portfolio can affect the weighted average. Rates on loans to non-financial corporations decreased to 4.39% (amounts up to EUR 1 million) from 4.67% and to 4.04% (amounts above EUR 1 million) from 4.65%. Net new loans totalled EUR 642.8 million (out of EUR 959.5 million of total new loans including renegotiations), up from EUR 297.8 million (out of EUR 714.4 million), driven mainly by net new lending to non-financial corporations above EUR 1 million at EUR 420.6 million (out of EUR 643.6 million).
Central Bank of Cyprus 2025-07-31
Central Bank of Cyprus publishes June 2025 MFI interest rate statistics as net new loans rise to EUR 642.8 million
The Central Bank of Cyprus reported updated statistics for June 2025, indicating a decrease in household deposit rates to 1.13% and an increase in consumer and home purchase loan rates to 7.01% and 3.95%, respectively. Interest rates on loans to non-financial corporations fell, with net new lending rising sharply to EUR 642.8 million, primarily driven by loans over EUR 1 million to non-financial corporations.