The gap between deposit and lending rates in Cyprus remains significant compared with the eurozone, with borrowing rates considerably higher and deposit rates comparatively lower, the Central Bank of Cyprus (CBC) reported for July 2025.

The central bank publishes detailed interest rate data for deposits and loans across all credit institutions, aiming to enhance transparency.

For new household term deposits of up to one year, the average rate across all Cypriot institutions stood at 1.08 per cent, compared with 1.72 per cent in the eurozone.

The highest rates were offered by Jordan Ahli Bank at 1.38 per cent, followed by the National Bank at 1.35 per cent, Eurobank at 1.26 per cent, Ancoria at 1.25 per cent, and Alpha Bank at 1.09 per cent.

Hellenic Bank offered 0.95 per cent, the Cyprus Development Bank 0.93 per cent, Bank of Cyprus 0.87 per cent, Astrobank 0.76 per cent, the Housing Finance Organisation 0.75 per cent, and Societe Generale 0.60 per cent.

Existing household term deposits of up to two years showed an even wider gap, with an average of 0.85 per cent in Cyprus versus 1.99 per cent in the eurozone.

The highest interest rates were offered by Jordan Kuwait Bank at 1.91 per cent, followed by the National Bank at 1.89 per cent, Arab Jordan Investment at 1.65 per cent, Societe Generale at 1.51 per cent, Ancoria at 1.49 per cent, Jordan Ahli at 1.44 per cent, and Banque at 1.41 per cent.

Eurobank and the Housing Finance Organisation offered 1.35 per cent, the Cyprus Development Bank 1.26 per cent, and Astrobank 1.19 per cent, while the lowest rates were offered by Hellenic Bank at 0.57 per cent and Bank of Cyprus at 0.48 per cent.

For new term deposits of non-financial companies up to one year, the average across Cypriot institutions was 1.21 per cent, compared with 1.88 per cent in the eurozone, with Alpha Bank offering the highest rate at 1.53 per cent.

The Cyprus Development Bank offered 1.50 per cent, Hellenic Bank 1.38 per cent, Ancoria 1.20 per cent, Eurobank 1.08 per cent, Bank of Cyprus 0.81 per cent, Societe Generale 0.55 per cent, and the Housing Finance Organisation 0.42 per cent.

Existing term deposits of non-financial companies up to two years averaged 1.2 per cent in Cyprus compared with 2.11 per cent in the eurozone.

Arab Jordan Investment Bank offered the highest rate at 1.98 per cent, followed by Jordan Kuwait Bank at 1.93 per cent, Societe Generale at 1.91 per cent, and the National Bank at 1.70 per cent.

Alpha Bank offered 1.44 per cent, while Astrobank and the Cyprus Development Bank, followed by Banque SBA, offered 1.37 per cent, the Housing Finance Organisation 1.29 per cent, Ancoria 1.28 per cent, Jordan Ahli 1.25 per cent, Hellenic Bank 1.24 per cent, Bank of Cyprus 1.15 per cent, and Eurobank 0.95 per cent.

For new mortgage loans, the average rate in Cyprus stood at 3.9 per cent, with Bank of Cyprus charging the highest at 4.96 per cent.

Societe Generale followed at 4.83 per cent, the Cyprus Development Bank at 4.04 per cent, Eurobank at 3.83 per cent, the Housing Finance Organisation at 3.81 per cent, Astrobank at 3.47 per cent, Alpha Bank at 3.29 per cent, Ancoria at 3.22 per cent, and Hellenic Bank at 3.20 per cent.

For existing mortgage contracts, the average borrowing rate in Cyprus was 3.71 per cent, compared with 2.37 per cent in the eurozone.

The highest rates were charged by Bank of Cyprus at 3.93 per cent, followed by Astrobank at 3.83 per cent, Eurobank at 3.60 per cent, Alpha Bank at 3.59 per cent, Hellenic Bank at 3.55 per cent, Ancoria at 3.29 per cent, National Bank at 3.26 per cent, the Cyprus Development Bank at 3.19 per cent, the Housing Finance Organisation at 3.17 per cent, and Societe Generale at 3.04 per cent.

The average interest rate on new corporate loans to non-financial companies up to €1 million was 4.46 per cent, with Banque SBA charging the highest at 6.56 per cent.

Astrobank followed at 5.75 per cent, Bank of Cyprus at 4.96 per cent, Societe Generale at 4.60 per cent, National Bank at 4.50 per cent, Ancoria at 4.47 per cent, Eurobank at 4.06 per cent, Hellenic Bank at 3.88 per cent, the Cyprus Development Bank at 3.83 per cent, and Alpha Bank at 3.44 per cent.

For new corporate loans exceeding €1 million, the average interest rate stood at 4.02 per cent, with Astrobank offering the highest at 6.63 per cent.

Hellenic Bank charged 4.46 per cent, Bank of Cyprus 4.39 per cent, Eurobank and National Bank 3.75 per cent, and Alpha Bank 3.42 per cent.

For existing corporate loans, the average interest rate in Cyprus was 4.23 per cent, compared with 3.03 per cent in the eurozone, with Societe Generale charging the highest at 5.05 per cent.

Astrobank followed at 5.03 per cent, the Cyprus Development Bank at 4.92 per cent, Banque SBA at 4.71 per cent, Ancoria at 4.70 per cent, Alpha Bank at 4.16 per cent, Eurobank at 4.09 per cent, National Bank at 3.89 per cent, and Hellenic Bank at 3.85 per cent.