Pure new loans recorded a decrease to €256.3 million in November 2025 (from total of €565.2 million), compared with €429.4 million (from total of €624.9 million) in the previous month, according to the Central Bank of Cyprus.
The CBC released the statistics on the average interest rates applied by monetary financial institutions (MFIs) in Cyprus on deposits and loans of euro area residents in euro, as well as data regarding volumes (amounts) of new euro denominated loans to euro area residents for the reference month of November 2025. These statistics are included in the December 2025 edition of Monetary and Financial Statistics. In parallel, comparative data for the eurozone countries are presented in the Data Portal of the European Central Bank.
Deposit Rates
The interest rate on deposits from households with an agreed maturity of up to one year recorded an increase to 1.13%, compared with 1.07% in the previous month.
The corresponding interest rate on deposits from non-financial corporations registered a decrease to 1.17%, compared with 1.23% in the previous month.
Lending Rates
The interest rate on consumer credit increased to 6.95%, compared with 6.88% in the previous month.
The interest rate on loans for house purchase increased to 3.86%, compared with 3.73% in the previous month. It is noted that, the portfolio of loans for house purchase of the MFIs contains various types of loans, such as loans for primary residence, for vacation houses etc, which bear different risk and interest rate. The composition of the housing loans portfolio varies from month to month, resulting in changes to the level of the weighted average interest rate, independently of the increases or decreases of the interest rates of the MFIs.
The interest rate on loans to non-financial corporations for amounts up to €1 million remained unchanged at 4.39%, compared with the previous month. The interest rate on loans to non-financial corporations for amounts over €1 million registered an increase to 4.50%, compared with 3.69% in the previous month, driven by the prevalence of higher risk loans.
Amounts of pure new loans
Pure new loans recorded a decrease to €256.3 million in November 2025 (from a total of €565.2 million), compared with €429.4 million (from a total of €624.9 million) in the previous month.
In particular, according to the official data, pure new loans for consumption decreased to €20.4 million (from a total of €23.4 million), compared with €23.7 million in the previous month (from a total of €25.1 million).
Pure new loans for house purchase fell to €113.4 million (from a total of €155.7 million), compared with €117,5 million in the previous month (from a total of €158.7 million).
Pure new loans to non-financial corporations for amounts up to €1 million decreased to €48.3 million (from a total of €59.6 million), compared with €50.8 million in the previous month (from a total of €68.3 million).
Pure new loans to non-financial corporations for amounts over €1 million registered a drop to €69.6 million (from total of €320.8 million), compared with €232.0 million in the previous month (from total of €359.6 million).
Cyprus interest rates in a European context: Analysis and comparison - Loan interest rates (outstanding amounts)
The interest rate level on outstanding loans in Cyprus is close to the respective Eurozone median, with the spread standing at zero (0.0%) for households and to 0.4% for non-financial corporations.
Loan interest rates (new business)
The interest rate level on new loans in Cyprus is comparable to the Eurozone median. More specifically, the spread between the weighted average interest rate on loans to households for house purchase stands at -0.4% (lower than the Eurozone median), while the respective spread for non-financial corporations stands at 0.8%.
Deposit interest rates (outstanding amounts)
In contrast to the loans interest rates, interest rates on outstanding deposits in Cyprus are considered as outlier, standing at the lower level within Eurozone. This might be attributed to the excess liquidity of credit institutions in Cyprus, which is among the higher ones within Eurozone. (indicatively, the Liquidity Coverage Ratio – LCR in Cyprus in November 2025 stood at 319%, compared with 191% (median) and 161% (mean) in European Union in September 2025), as well as to the short range of the banking sector in Cyprus.
Deposit interest rates (new business)
Similarly with interest rates on outstanding deposits, the interest rates on new deposits in Cyprus are standing at the lower level within Eurozone, due to the same reasons mentioned above, the CBC concludes.
(Source: CNA)
