Economy category powered by
CBC: Deposit rates slightly up in August
08:38 - 05 October 2023
Deposit rates in Cyprus recorded a slight increase in August compared to July, according to the Central Bank of Cyprus (CBC).
Lending rates increased only in consumer loans, with all other categories seeing a slight decline.
The interest rate for time deposits up to one year by households rose to 0.88%, from 0.87% in July.
The corresponding interest rate for deposits from non-financial corporations increased to 1.78%, compared with 1.68% the previous month.
The interest rate on consumer loans increased to 6.06% (5.51% in July), while that of home purchase loans decreased to 4.20%, compared to 4.50% the previous month.
The interest rate on loans to non-financial companies for amounts up to €1m decreased to 5.56%, compared to 5.65% in July. The interest rate on loans to non-financial companies for amounts above €1m dropped to 6.10%, from 6.33% the previous month.
News Feed
6 hours, 45 minutes ago People
Ellinas Finance CEO Nearchos Petrides Shortlisted for the ‘Young Entrepreneur’ Category in the CBN Young Dragon Awards8 hours, 56 minutes ago Companies
Brazil and Cyprus sign landmark investment agreement9 hours, 51 minutes ago Current Affairs
Christodoulides: US Visa Waiver Program announcements “very close"11 hours, 50 minutes ago Current Affairs
AKTI, RUNONART and Studio 18 launch European cultural and creative project CoRES12 hours, 20 minutes ago Companies
CIFA Roadshow in Athens highlights Cyprus' advantages as AIF destination12 hours, 27 minutes ago Current Affairs
Kadis outlined priorities on fisheries and oceans in written responses to EP questions ahead of hearings12 hours, 31 minutes ago Economy
Eurostat: Risk of poverty greater in EU and Cyprus for those raised in bad financial situation