Loan interest rates for households in Cyprus rose once again in June 2025, according to figures published on Thursday by the Central Bank of Cyprus. In contrast, business lending rates recorded a decline, while deposit rates for households and non-financial corporations remained largely unchanged.

According to the Central Bank's data, consumer loan rates rose to 7.01% from 6.77% in May, while housing loan rates increased to 3.95% from 3.81%. 

The Central Bank noted that the housing loan portfolio includes a variety of loan types—such as loans for primary residences and holiday homes—which carry different levels of risk and interest rates. 

As the composition of this portfolio shifts month to month, the weighted average interest rate can fluctuate accordingly, regardless of changes in the actual rates offered by financial institutions. it added.

On the business side, loan rates fell to 4.39% for amounts up to €1 million (from 4.67%) and to 4.04% for loans exceeding €1 million (from 4.65%).

As for deposit interest rates, the rate for household time deposits of up to one year decreased slightly to 1.13% from 1.16%, while the rate for deposits by non-financial corporations held steady at 1.18%.

Compared to the euro area average, outstanding loans to households in Cyprus stood at 4.09% in June (euro area: 4.00%), while loans to non-financial corporations were at 4.36% (euro area: 3.92%).

CNA/TNE/EPH/2025

ENDS, CYPRUS NEWS AGENCY