articles | 08 January 2019

Interest rate for corporate deposits declines in November 2018

Corporate deposits rate in Cyprus declined to 0.46% in November 2018 from 0.75% the month before, reaching a new historic low, according to data released recently by the Central Bank of Cyprus (CBC).

Households deposit interest rate remained unchanged to 0.54%, the CBC said.

The rates for consumer loans marked a marginal increase in November reaching 3.49% compared with the historic low of 3.48% in October 2018.

According to the CBC, the rates for housing loans increased to 2.29% in November 2018 from 2.26% the month before.

Corporate loans rates for amounts up to €1 million increased to 3.53% in November compared with 3.49% the previous month.

The rates for corporate loans above €1 million declined to 3.21% compared with 3.26% in October 2018.

Source: CNA

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