Financial Services category powered by

Highest rate of term deposits at 2.45% in August, Central Bank figures show

The highest interest rate on term deposits of up to one year by households in August 2024 stood at 2.45% while the highest interest rate on loans for the purchase of a house was at 4.96%, figures released by the Central Bank of Cyprus show.

The highest interest rate on deposits with a term of up to one year for new projects from eurozone households was offered by the National Bank of Greece (Cyprus) at 2.45% and the lowest by Hellenic Bank at 1.36%, while the highest deposit rate for companies was offered by Hellenic Bank at 2.83%.

The highest interest rate on loans (floating) for the purchase of housing to households and with an initial determination period of up to one year (new contracts) was held by the Cyprus Development Bank at 4.96%, followed by Eurobank Cyprus 4.65% and Astrobank 4.60%, while the lowest interest rate for household loans was offered by the Housing Finance Corporation at 3.02%.

The highest rate of loans (floating) to companies up to one million euros and an initial determination period of up to one year (new contracts) was offered by Banque SBA at 8.05%, followed by Societe Generale Bank Cyprus at 6.84%.

(Source: CNA)

Read More

Cyprus' excess liquidity shrinks sharply amid Eurosystem policy normalisation
AstroBank’s Charis Kynigou discusses merger with Alpha Bank
Capital.com enhances EU Client protection with up to 1 million euro insurance cover
CBC keeps countercyclical capital buffer rate at 1.5%
eToro’s Avi Sela on how the fintech company’s IPO opened the way for others to go public
Alpha Bank: The price for the acquisition of AstroBank is 'no less than €205 million'
Agreement signed for sale of AstroBank to Alpha Bank Group
Hellenic Bank and Eurobank Cyprus becoming one and reshaping the banking map
EBF CEO warns €1 trillion in frozen capital risks undermining EU Goals
Aristidis Vourakis: Deutsche Bank considering return to Cyprus