Cyprus Mail
BusinessCyprus

Interest rates drop for mortgages, business loans, rise for deposits

Interest rates for new housing and business loans exceeding €1m in the Cypriot banking system dropped to 3.68 per cent and 3.8 per cent respectively in April, from 3.76 per cent and 4.28 per cent the month before, the Central Bank of Cyprus said.

On the other hand, borrowers saw the cost of consumer loans rise in April to 4.84 per cent from 4.69 in March, the central bank said in a statement on its website today.

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