The Central Bank of Cyprus released May 2025 statistics on monetary financial institutions’ (MFIs) weighted-average interest rates on euro-denominated deposits and loans to euro area residents, alongside data on new loan volumes, as part of its June 2025 Monetary and Financial Statistics. The update shows lower rates on short-term deposits and consumer loans versus the previous month, modest increases in mortgage and corporate loan rates, and a decline in net new lending. Household deposit rates with a maturity of up to one year fell to 1.16% from 1.26%, while the equivalent rate for non-financial corporations decreased to 1.18% from 1.37%. On lending, consumer loan rates declined to 6.77% from 7.06%, loans for home purchase rose slightly to 3.81% from 3.78%, and rates on loans to non-financial corporations increased to 4.67% (up to EUR 1 million) from 4.65% and to 4.65% (over EUR 1 million) from 4.13%. The Central Bank noted that Cyprus loan rates are close to the euro area average, with existing household loan rates at 4.16% versus 4.01% for the euro area and existing non-financial corporate loan rates at 4.46% versus 4.05%; comparative euro area data are available via the European Central Bank’s Data Portal. Net new loans in May 2025 decreased to EUR 297.8 million (out of total new loans of EUR 714.4 million) from EUR 324.7 million (out of EUR 682.2 million). Net new consumer lending rose to EUR 23.5 million (EUR 26.9 million total), home purchase lending increased to EUR 123.9 million (EUR 205.5 million total), and lending to non-financial corporations up to EUR 1 million climbed to EUR 59.8 million (EUR 91.6 million total), while lending to non-financial corporations over EUR 1 million fell to EUR 82.6 million (EUR 379.7 million total) from EUR 159.2 million (EUR 414.2 million total).
Central Bank of Cyprus 2025-07-04
Central Bank of Cyprus publishes May 2025 MFI interest rate statistics and reports net new lending down to EUR 297.8 million
The Central Bank of Cyprus released May 2025 data showing a decline in short-term deposit and consumer loan rates, with slight increases in mortgage and corporate loan rates. Net new lending decreased to EUR 297.8 million, with notable rises in consumer and home purchase lending, while lending to larger non-financial corporations fell. Cyprus loan rates remain near the euro area average, with comparative data available via the European Central Bank’s Data Portal.