The interest rate on consumer credit decreased to 7.12%, in February 2026 compared with 7.20% in the previous month, while pure new loans for house purchase recorded an increase to €115,1 million, compared with €95,7 million in the previous month, according to the Central Bank of Cyprus’ (CBC) statistics on interest rates applied by monetary financial institutions.
According to the data, the interest rate on deposits from households with an agreed maturity of up to one year recorded a marginal decrease to 1.19%, compared with 1.20% in the previous month, while the corresponding interest rate on deposits from non-financial corporations registered a decrease to 1.19%, compared with 1.34% in the previous month.
As regards lending rates, the interest rate on consumer credit decreased to 7.12%, compared with 7.20% in the previous month. The interest rate on loans for house purchase decreased to 3.45%, compared with 3.70% 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 CBC adds.
The interest rate on loans to non-financial corporations for amounts up to €1 million decreased to 4.22%, compared with 4.32% in the previous month. The interest rate on loans to non-financial corporations for amounts over €1 million registered a decrease to 4.15%, compared with 4.34% in the previous month.
Pure new loans recorded an increase to €328,7 million in February 2026 (from total of €435,1 million), compared with €247,3 million (from total of €495,9 million) in the previous month, the data show. Pure new loans for consumption increased to €20,1 million (from total of €21,1 million), compared with €18,9 million in the previous month (from total of €20,1 million), it said.
Pure new loans for house purchase recorded an increase to €115,1 million (from total of €151,6 million), compared with €95,7 million in the previous month (from total of €138,1 million).
Pure new loans to non-financial corporations for amounts up to €1 million increased to €47,5 million (from total of €60,4 million), compared with €40,1 million in the previous month (from total of €53,1 million).
Pure new loans to non-financial corporations for amounts over €1 million registered an increase to €137,3 million (from total of €191,6 million), compared with €88,1 million in the previous month (from total of €277,2 million).
(Source: CNA)
