The average interest rates for household deposits (new business) in Cyprus showed a slight decrease in October 2025, compared to the previous month, while the average interest rate for housing loans and loans to businesses recorded a small increase, according to data published on Friday by the Central Bank of Cyprus (CBC) in relation to deposit and loan interest rates for each credit institution.
Mortgage interest rates
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According to CBC data, the average interest rate for eurozone residents purchasing a house in euros (new business - new contracts - regardless of initial determination period) increased in October 2025 to 3.08%, from 3.03% in September 2025. The corresponding interest rate in the eurozone was 3.33%.
The highest mortgage interest rate in October 2025, according to available data, was that of the Housing Finance Corporation with 3.37% (from 3.35% in September), followed by the Bank of Cyprus with 3.23% (from 3.16%), Ancoria with 3.00% (from 3.24%) and Eurobank Cyprus with 2.95% (no data for September).
Reduction in interest rates on loans to businesses
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The average interest rate for new loans to businesses up to €1 million (new business-new contracts - regardless of initial determination period) decreased to 4.25% in October 2025, from 4.20% in the previous month. The corresponding interest rate in the eurozone is not given.
The highest interest rate was at Banque SBA with 6.61% (from 6.35% in September), followed by Societe Generale with 5.63% (from 4.22%), Bank of Cyprus with 4.45% (from 4.36%) and National Bank of Greece with 4.25% (from 3.53%). The lowest was at Eurobank with 3.87% (no data for September).
Household deposit rates drop
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Furthermore, the average interest rate on term deposits of up to 1 year for households fell to 1.07% in October 2025, compared to 1.10% in the previous month. The corresponding rate in the eurozone was 1.77%.
The highest interest rate was given by Arab Jordan Investment Bank with 2.00% and the lowest by Societe Generale with 0.80%.
The second highest interest rate on deposits to households was given by Ancoria with 1.43% (from 1.26%), followed by the National Bank of Greece with 1.41% (from 1.44%).
Reduction in interest rates on corporate deposits
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According to CBC data, the average interest rate on term deposits of up to 1 year for companies decreased in October 2025 to 1.23%, from 1.24% in September 2025, while in the eurozone the interest rate was at 1.91%, from 1.90%.
The highest interest rate was recorded at the Cyprus Development Bank with 1.72% (up from 1.05% in September 2025), followed by Alpha Bank with 1.71% (up from 1.38%). The lowest was recorded by the Housing Finance Corporation with 0.36% (up from 0.01%).
CNA/CST/EAN/EPH/2025
ENDS, CYPRUS NEWS AGENCY
