03.03.2022
According to the Central Bank of Cyprus, the interest rate on household deposits with an agreed maturity of up to one year remained unchanged at 0.06% compared to December 2021. At the same time, the interest rate on housing loans fell slightly to 2.15% from 2.21% in December.
In particular, the interest rate on household deposits with an agreed maturity of up to one year remained unchanged at 0.06% month-on-month, while the corresponding interest rate on non-financial corporation deposits increased to 0.12%, compared to from 0.02% in the previous month.
In terms of lending rates, the interest rate on consumer loans rose to 3.10% from 2.90% in the previous month, while the interest rate on home loans fell to 2.15% from 2.21% in December.
The interest rate on loans to non-financial corporations up to €1 million decreased to 3.21% compared to 3.25% in the previous month, but for amounts over €1 million it increased to 2.86% compared to 2.84% . in the previous month.
January saw a significant decline in new loans as they fell to €289.3 million in January 2022 from €643.7 million in the previous month.
The number of new consumer loans fell to 11.7 million euros from 13.3 million euros, and the number of new home loans fell to 104.6 million euros compared to 152.9 million euros in December. New loans to non-financial corporations up to €1 million fell to €34.4 million from €76.4 million in the previous month, while loans over €1 million recorded a decline to €128.9 million from €76. 4 million euros in the previous month. 381.4 million in the previous month.
The total amount of deposits in all currencies decreased in January 2022 to 51.3 billion euros, compared to 51.5 billion euros in December. Of these, 30.11 billion euros are household deposits. These statistics are included in the February 2022 edition of Monetary and Financial Statistics.
