Central Bank of Cyprus reports May 2026 lending and deposit data

Data from the Central Bank of Cyprus shows total new loans reached €361.9 million in May 2026, compared to €331.3 million in April. New housing loans saw a significant increase to €145.5 million from €106 million, with the average interest rate rising to 4.06% from 3.73%. Consumer loans grew to €23.9 million, while loans to non-financial corporations under €1 million rose to €63.4 million. Conversely, business loans exceeding €1 million declined to €121.5 million from €156.8 million. Regarding interest rates, consumer loan rates dropped to 6.95%, while rates for business loans under €1 million reached 4.27% and those over €1 million fell to 3.85%. Deposit rates for household term deposits increased to 1.25%, and rates for non-financial corporations rose to 1.31%. The Central Bank noted that loan interest rates remain near the Eurozone median, although deposit rates remain among the lowest in the area.