The Central Bank of Cyprus (CBC) published detailed interest rate data on deposits and loans for each credit institution. The CBC notes that it will provide monthly reports with weighted average interest rate data based on information submitted by credit institutions.

Specifically, for new time deposits up to 1 year from households, the CBC data reports interest rates as follows: 2% from Alpha Bank Cyprus, 2.01% from Ancoria Bank Ltd, 1.79% from Astrobank, 2.49% from the National Bank of Greece (Cyprus), 1.42% from Hellenic Bank, 2.46% from Eurobank Cyprus, 1.72% from Cyprus Development Bank, 2.17% from the Housing Finance Corporation, 2.18% from Societe Generale, 1.35% from the Bank of Cyprus, and 2.27% from Jordan Ahli Bank PLC.

For new deposits with up to 1 year term from non-financial companies, interest rates are as follows: 2.01% from Alpha Bank Cyprus, 2.25% from Ancoria Bank, 2.41% from Astrobank, 2.50% from the National Bank of Greece (Cyprus), 2.62% from Hellenic Bank, 2.18% from Eurobank Cyprus, 2.67% from Cyprus Development Bank, 0.52% from the Housing Finance Organisation, 2.56% from Societe Generale, 2.30% from the Bank of Cyprus, and 1.90% from Jordan Ahli Bank.

Regarding new loans for the purchase of housing for households, reported interest rates include 3.41% from Alpha Bank Cyprus, 4.08% from Ancoria Bank, 3.87% from Astrobank, 3.99% from Hellenic Bank, 4.79% from Eurobank Cyprus, 5.22% from Cyprus Development Bank, 2.96% from the Housing Finance Corporation, and 5.04% from the Bank of Cyprus.

For new loans of up to €1 million to non-financial companies, the interest rates are as follows: 1.88% from Alpha Bank Cyprus, 5.77% from Ancoria Bank, 4.90% from Hellenic Bank, 5.69% from Eurobank Cyprus, 5.50% from Cyprus Development Bank, 7.38% from Societe Generale, and 5.72% from the Bank of Cyprus.

For new loans over €1 million to non-financial companies, interest rates include 5.14% from Ancoria Bank, 5.75% from the National Bank of Greece (Cyprus), 5.26% from Hellenic Bank, 4.72% from Eurobank Cyprus, 7.07% from Cyprus Development Bank, 7.38% and 6.66% from the Bank of Cyprus.

For existing time deposits up to 2 years from households, interest rates are as follows: 2.20% from Alpha Bank Cyprus, 2.66% from Ancoria Bank, 1.52% from Astrobank, 2.73% from the National Bank of Greece (Cyprus), 0.42% from Hellenic Bank, 2.13% from Eurobank Cyprus, 1.98% from Cyprus Development Bank, 1.60% from the Housing Finance Corporation, 2.31% from Societe Generale, 0.81% from the Bank of Cyprus, 2.66% from Arab Jordan Investment Bank, 2.44% from SBA, 2.35% from Jordan Ahli Bank, and 2.42% from Jordan Kuwait Bank.

For existing time deposits up to 2 years from non-financial companies, interest rates are as follows: 2.45% from Alpha Bank Cyprus, 2.17% from Ancoria Bank, 2.25% from Astrobank, 2.40% from the National Bank of Greece (Cyprus), 1.65% from Hellenic Bank, 1.70% from Eurobank Cyprus, 2.43% from Cyprus Development Bank, 0.95% from the Housing Finance Corporation, 2.64% from Societe Generale, 2.05% from the Bank of Cyprus, 2.62% from Arab Jordan Investment Bank, 2.50% from SBA, 1.90% from Jordan Ahli Bank, and 2.22% from Jordan Kuwait Bank.

For existing home purchase loans with a term of more than 5 years to households, interest rates include: 4.42% from Alpha Bank Cyprus, 4% from Ancoria Bank, 4.65% from Astrobank, 4.21% from the National Bank of Greece (Cyprus), 4.33% from Hellenic Bank, 4.90% from Eurobank Cyprus, 4.43% from Cyprus Development Bank, 2.93% from the Housing Finance Corporation, 3.68% from Societe Generale, and 5.18% from the Bank of Cyprus.

Lastly, for existing loans with a maturity of more than 5 years to non-financial companies, the interest rates are as follows: 5.73% from Alpha Bank Cyprus, 6.03% from Ancoria Bank, 6.50% from Astrobank, 5.34% from the National Bank of Greece (Cyprus), 4.85% from Hellenic Bank, 5.63% from Eurobank Cyprus, 6.65% from Cyprus Development Bank, 6.63% from Societe Generale, 6.08% from the Bank of Cyprus, and 6.41% from SBA.

The CBC noted that the publication of detailed interest rate data will facilitate easier public access to information, providing households and businesses with comprehensive insights. The bank also mentioned that future reports may include additional relevant data.

The press release concluded by encouraging households and businesses to continue contacting individual credit institutions for specific information on the interest rates offered.