The Central Bank of Cyprus published May 2026 monetary financial institution interest rate statistics for euro-denominated deposits and loans to euro area residents, together with data on new lending volumes. The release shows higher rates on new term deposits for households and non-financial corporations, a lower rate on consumer loans, mixed movements in mortgage and business lending rates, and an increase in net new loans to EUR 361.9 million from EUR 331.3 million in the previous month. Household term deposits with an agreed maturity of up to one year rose to 1.25% from 1.20%, while the corresponding rate for non-financial corporations increased to 1.31% from 1.23%. Consumer loan rates fell to 6.95% from 7.19%, mortgage rates increased to 4.06% from 3.73%, lending to non-financial corporations of up to EUR 1 million rose to 4.27% from 4.20%, and lending above EUR 1 million fell to 3.85% from 4.08%. Within net new lending, consumer credit increased to EUR 23.9 million, housing loans to EUR 145.5 million, and corporate loans of up to EUR 1 million to EUR 63.4 million, while corporate loans above EUR 1 million declined to EUR 121.5 million. The accompanying euro area comparison shows Cyprus lending rates broadly in line with euro area medians, while deposit rates remained at the lowest level in the euro area. For May 2026, the margin on outstanding loan rates versus the euro area median was 0.0 percentage points for households and 0.4 percentage points for non-financial corporations. For new lending, mortgage rates were 0.2 percentage points below the euro area median and new corporate lending rates were 0.2 percentage points above it. The share of new housing loans with a variable rate or an initial fixed-rate period of up to one year fell to 17.8%, close to the euro area median of 16.8% and down from almost 100% at the start of 2022.

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