Cyprus Mail

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.

Related Posts

New works to be unveiled shortly at Ayia Napa’s Sculpture Park

Iole Damaskinos

Terminating pregnancy unacceptable says Bishop of Tamasos

Iole Damaskinos

Cancer Research Institute ‘a jewel’, Kyriakides says

Iole Damaskinos

Petrides: Inflation a significant challenge to recovery plan

Andria Kades

Volunteers’ contribution to society honoured in Limassol

Iole Damaskinos

EU Commission approves €373 million for Cyprus strategic agriculture plan

Iole Damaskinos