Central Bank of Cyprus reports August 2026 interest rate trends

The Central Bank of Cyprus released its August 2026 data on banking interest rates, revealing a persistent gap between domestic rates and the Eurozone average. For household deposits with maturities up to one year, the average interest rate in Cyprus rose to 1.35% from 1.27% in July, significantly below the Eurozone average of 2.13%.

National Bank of Greece offered the highest rate for household deposits at 1.69%, followed by Alpha Bank Cyprus at 1.65%. Conversely, the Housing Finance Corporation provided the lowest household deposit rate at 0.83%. Regarding corporate deposits with maturities up to one year, Ancoria Bank recorded the highest interest rate at 2.20%, while Alpha Bank Cyprus, Bank of Cyprus, and Eurobank followed with rates between 1.54% and 1.67%.

While the average deposit interest rate remains lower than the Eurozone, the data highlights that new mortgage loan rates in Cyprus remain more competitive than the European average. The report provides a granular look at the banking sector, identifying both the leading institutions for savers and the disparities that continue to define the Cypriot financial landscape.