The annual average interest rate on new residential loans in Cyprus increased for the third year in a row in 2023, after eight consecutive years of decline. In 2023, the average mortgage rate was 4.13 percent - an increase of around two percentage points from 2020 when the rate was at its lowest.

Key information about Cyprus Bank Lending Rate

• Cyprus Bank Lending Rate was reported at 5.368 % pa in May 2023.
• This records an increase from the previous number of 5.312 % pa for Apr 2023.
• Cyprus Bank Lending Rate data is updated monthly, averaging 5.095 % pa from Nov 2007 to May 2023, with 187 observations.
• The data reached an all-time high of 7.661 % pa in Feb 2009 and a record low of 2.973 % pa in Apr 2020.
• Cyprus Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

Cyprus - Housing cost overburden rate: Owner, with mortgage or loan was 1.00% in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Housing cost overburden rate: Owner, with mortgage or loan - last updated from the EUROSTAT on February of 2025. Historically, Cyprus - Housing cost overburden rate: Owner, with mortgage or loan reached a record high of 6.00% in December of 2014 and a record low of 0.20% in December of 2022.

The benchmark interest rate in Cyprus was last recorded at 4.50 percent. This dataset provides - Cyprus Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Mortgage: APR of Charge data was reported at 4.535 % pa in Jan 2025. This records a decrease from the previous number of 5.190 % pa for Dec 2024. Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Mortgage: APR of Charge data is updated monthly, averaging 4.333 % pa from Nov 2007 (Median) to Jan 2025, with 207 observations. The data reached an all-time high of 7.026 % pa in Feb 2009 and a record low of 2.725 % pa in Apr 2020. Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Mortgage: APR of Charge data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.M006: Lending Rates. The annual percentage rate of charge covers the total cost of loan. The total cost comprises an interest rate component and a component of other (related) charges, such as the cost of inquiries, administration, preparation of documents, guarantees, etc

Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Over 5 Years data was reported at 4.286 % pa in Jan 2025. This records a decrease from the previous number of 4.382 % pa for Dec 2024. Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Over 5 Years data is updated monthly, averaging 4.272 % pa from Nov 2007 (Median) to Jan 2025, with 207 observations. The data reached an all-time high of 5.906 % pa in Sep 2008 and a record low of 2.037 % pa in Dec 2021. Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Over 5 Years data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.M006: Lending Rates.

Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Up to 1 Year data was reported at 2.963 % pa in Jan 2025. This records a decrease from the previous number of 3.139 % pa for Dec 2024. Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Up to 1 Year data is updated monthly, averaging 4.059 % pa from Nov 2007 (Median) to Jan 2025, with 207 observations. The data reached an all-time high of 7.437 % pa in May 2014 and a record low of 1.086 % pa in Jul 2020. Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Up to 1 Year data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.M006: Lending Rates.

Greece, Cyprus, and Hungary were the countries with the highest share of non-performing mortgage loans in the second quarter of 2023. In Greece, 8.6 percent of the gross carrying amount of mortgage loans to households was considered non-performing. In Spain, which was the country with the highest value of non-performing mortgages, this share was 2.6 percent.

Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Over 1 and up to 5 Years data was reported at 4.037 % pa in Jan 2025. This records an increase from the previous number of 3.996 % pa for Dec 2024. Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Over 1 and up to 5 Years data is updated monthly, averaging 4.069 % pa from Nov 2007 (Median) to Jan 2025, with 207 observations. The data reached an all-time high of 7.675 % pa in Nov 2013 and a record low of 1.569 % pa in Apr 2022. Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Over 1 and up to 5 Years data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.M006: Lending Rates.

Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Mortgage: Floating Rate data was reported at 4.473 % pa in Jan 2025. This records a decrease from the previous number of 4.746 % pa for Dec 2024. Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Mortgage: Floating Rate data is updated monthly, averaging 4.229 % pa from Nov 2007 (Median) to Jan 2025, with 207 observations. The data reached an all-time high of 6.891 % pa in Feb 2009 and a record low of 2.029 % pa in Feb 2020. Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Mortgage: Floating Rate data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.M006: Lending Rates.

Debts can be formed in a number of ways. The most common forms of debt include credit cards, medical debt, student loans, overdrafts, mortgages, automobile financing and personal loans. During the period displayed, the value of debt per adult in Cyprus decreased overall, with just over 30 thousand U.S. dollars of debt per adult as of the first half of 2019. In Europe, the variation in debt per adult in the first half of 2019 varies considerably from as low as 534 U.S. dollars in Azerbaijan to almost 143 thousand U.S. dollars in Switzerland, with a European average of approximately 23.95 thousand U.S. dollars of debt per adult.

Spain, France, and Italy were the countries with the highest value of non-performing mortgage loans at amortized cost in the second quarter of 2023. In Spain, the gross carrying amount of non-performing mortgages to households totaled about 21.7 billion euros, while in France, this figure amounted to approximately 11.7 billion euros. When it comes to the share of non-performing mortgages, Cyprus, Greece and Hungary topped the ranking.

Cyprus CY: Lending Rate: Corporations: New Business: Over Euro 1 Million data was reported at 3.560 % pa in Jun 2017. This records a decrease from the previous number of 3.700 % pa for May 2017. Cyprus CY: Lending Rate: Corporations: New Business: Over Euro 1 Million data is updated monthly, averaging 5.600 % pa from Jan 2008 (Median) to Jun 2017, with 114 observations. The data reached an all-time high of 7.280 % pa in Jan 2012 and a record low of 3.160 % pa in Feb 2017. Cyprus CY: Lending Rate: Corporations: New Business: Over Euro 1 Million data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Cyprus – Table CY.IMF.IFS: Lending, Saving and Deposit Rates.

Cyprus Lending Rate: MFIs: Outstanding: NFC: Maturity: Over 5 Years data was reported at 5.013 % pa in Jan 2025. This records a decrease from the previous number of 5.178 % pa for Dec 2024. Cyprus Lending Rate: MFIs: Outstanding: NFC: Maturity: Over 5 Years data is updated monthly, averaging 5.388 % pa from Nov 2007 (Median) to Jan 2025, with 207 observations. The data reached an all-time high of 6.550 % pa in Oct 2008 and a record low of 2.915 % pa in Apr 2021. Cyprus Lending Rate: MFIs: Outstanding: NFC: Maturity: Over 5 Years data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.M006: Lending Rates.

Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Consumer Credit: Maturity: Up to 1 Year data was reported at 7.686 % pa in Jan 2025. This records a decrease from the previous number of 7.715 % pa for Dec 2024. Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Consumer Credit: Maturity: Up to 1 Year data is updated monthly, averaging 7.465 % pa from Nov 2007 (Median) to Jan 2025, with 207 observations. The data reached an all-time high of 8.448 % pa in Feb 2009 and a record low of 5.103 % pa in Mar 2020. Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Consumer Credit: Maturity: Up to 1 Year data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.M006: Lending Rates.

In June 2024, over 74 percent of the assets owned by Icelandic, Czech, Dutch, Icelandic, and Slovak banks were loans and advances. Meanwhile, Cyprus was the country where its banks had the smallest loan portfolios, in relative terms, as it just constituted roughly 41 percent of their assets. Meanwhile, Greece was the European country with the highest ratio of non-performing loans.

Cyprus CY: Lending Rate: Households: House Purchase: Stocks data was reported at 4.380 % pa in Dec 2024. This records a decrease from the previous number of 4.460 % pa for Nov 2024. Cyprus CY: Lending Rate: Households: House Purchase: Stocks data is updated monthly, averaging 4.180 % pa from Jan 2008 (Median) to Dec 2024, with 204 observations. The data reached an all-time high of 5.910 % pa in Sep 2008 and a record low of 2.040 % pa in Apr 2022. Cyprus CY: Lending Rate: Households: House Purchase: Stocks data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Cyprus – Table CY.IMF.IFS: Lending, Saving and Deposit Rates.

Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Consumer Credit: APR of Charge data was reported at 6.399 % pa in Jan 2025. This records a decrease from the previous number of 6.478 % pa for Dec 2024. Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Consumer Credit: APR of Charge data is updated monthly, averaging 5.920 % pa from Nov 2007 (Median) to Jan 2025, with 207 observations. The data reached an all-time high of 8.295 % pa in Feb 2009 and a record low of 3.300 % pa in Sep 2019. Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Consumer Credit: APR of Charge data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.M006: Lending Rates.

Cyprus CY: Deposit Rate: Households: New Business: Up to 1 Year data was reported at 1.780 % pa in Dec 2024. This records an increase from the previous number of 1.700 % pa for Nov 2024. Cyprus CY: Deposit Rate: Households: New Business: Up to 1 Year data is updated monthly, averaging 2.575 % pa from Jan 2003 (Median) to Dec 2024, with 264 observations. The data reached an all-time high of 6.150 % pa in Jan 2009 and a record low of 0.050 % pa in Jul 2022. Cyprus CY: Deposit Rate: Households: New Business: Up to 1 Year data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Cyprus – Table CY.IMF.IFS: Lending, Saving and Deposit Rates.

Cyprus CY: Lending Rate: Households: New Business: Floating and Up to 1 Year data was reported at 7.200 % pa in Dec 2024. This records an increase from the previous number of 6.990 % pa for Nov 2024. Cyprus CY: Lending Rate: Households: New Business: Floating and Up to 1 Year data is updated monthly, averaging 5.410 % pa from Jan 2008 (Median) to Dec 2024, with 204 observations. The data reached an all-time high of 8.000 % pa in Oct 2024 and a record low of 2.770 % pa in Jul 2019. Cyprus CY: Lending Rate: Households: New Business: Floating and Up to 1 Year data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Cyprus – Table CY.IMF.IFS: Lending, Saving and Deposit Rates.