This figure applied to loans with an initial rate fixation period of up to one year. Meanwhile, the lowest rate offered for the same loan category was 2.50 per cent. According to the Central Bank’s monthly interest rate statistics for deposits and loans across all credit institutions for March 2025, the Bank of Cyprus provided the highest average rate for new floating-rate housing loans with an initial rate fixation period of up to one year at 5.24 per cent. Eurobank Cyprus followed with 4.58 per cent. Hellenic Bank offered the lowest rate in this category at 2.50 per cent. For housing loans with a floating interest rate and an initial fixed rate period between one and five years, the Bank of Cyprus again recorded the highest average rate at 4.53 per cent. The lowest rate in this category was offered by Ancoria Bank at 2.94 per cent.

The Central Bank data also highlighted differences in business lending. For loans of up to €1 million to non-financial companies, with a floating interest rate and an initial rate fixation period of up to one year, the highest average rate was 7.04 per cent offered by Banque SBA. The Cyprus Development Bank Public Company Ltd followed with 6.09 per cent. Alpha Bank offered the lowest rate in this category at 3.95 per cent.

In terms of deposits, the highest average interest rate for household time deposits in eurozone currencies with terms of up to one year was 2.00 per cent, offered by the Arab Jordan Investment Bank SA. Eurobank Cyprus Ltd followed with 1.88 per cent. Astrobank offered the lowest household deposit rate at 0.92 per cent.

For corporate time deposits of up to one year, Astrobank recorded the highest average interest rate at 2.15 per cent. The Bank of Cyprus offered the lowest corporate deposit rate at 0.90 per cent.

Source: Cyprus Mail