The Central Bank of Cyprus published statistics on the average interest rates of Cyprus monetary financial institutions on new euro-denominated deposit and loan contracts with euro area residents, alongside data on new lending volumes, for the reference month of September 2025. The update shows modest increases in deposit rates, declines in consumer and housing loan rates, and an increase in net new lending to EUR 447.9 million. Household deposits with a maturity of up to one year rose to 1.10% from 1.08%, while the equivalent rate for non-financial corporations increased to 1.24% from 1.15%. Consumer loan rates fell to 6.46% from 7.09% and housing loan rates to 3.63% from 3.91%, while loan rates to non-financial corporations rose to 4.32% for amounts up to EUR 1 million from 4.19% and fell to 3.79% for amounts above EUR 1 million from 4.30%. Net new loans increased to EUR 447.9 million out of EUR 770.5 million of new loans, compared with EUR 245.5 million out of EUR 420.4 million in the previous month, led by net new loans to non-financial corporations above EUR 1 million (EUR 246.7 million) and net new loans for house purchase (EUR 112.9 million). Compared with the euro area, Cyprus loan rates on existing loans were close to the euro area median (households 3.93% versus 3.91%, non-financial corporations 4.22% versus 3.80%), while fixed-term deposit rates on existing balances were lower (households 0.78% versus 1.74%, non-financial corporations 1.08% versus 1.94%). The Central Bank noted that the interest rate data are weighted averages under European Central Bank Regulation 2013/34 and can be sensitive to outliers, and that housing loan portfolio composition can affect the weighted average rate from month to month. Loan interest rates refer to variable-rate loans with an initial determination period of up to one year, and net new loan amounts cover only new loan agreements (with total new loans also including renegotiated contracts).

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