Central Bank of Cyprus publishes July 2026 interest rate data

The Central Bank of Cyprus has released detailed interest rate statistics for July 2026, highlighting movements in household and business deposits and loans. The average interest rate for new household deposits fell to 1.27% from 1.42% in June, remaining below the Eurozone average of 2.10%. Meanwhile, the average interest rate for new housing loans increased to 3.24% from 3.18% in June, and business loans up to €1 million rose to 4.51% from 4.16%.

Individual institutional data shows that National Bank of Greece (Cyprus) offered the highest household deposit rate at 1.62%, followed by Alpha Bank Cyprus at 1.45%. For businesses, Ancoria Bank offered the highest deposit rate at 1.94%. Housing loan rates were lowest at Alpha Bank Cyprus (2.72%), while Eurobank recorded the lowest rate for business loans up to €1 million at 4.19%. These figures reflect the ongoing adjustment of domestic banking products relative to broader Eurozone trends, where average borrowing and deposit rates generally remained higher than those recorded in Cyprus.