Cyprus central bank reports February 2026 lending and deposit statistics

The Central Bank of Cyprus released data for February 2026, showing a decrease in loan interest rates alongside an increase in net new lending. Interest rates for non-financial companies dropped to 4.22% for loans under €1 million and 4.15% for loans over €1 million. Mortgage rates for households fell to 3.45%, down from 3.70% in the previous month. While some sources report that new loans reached a record €576 million in the first two months of 2026, other figures indicate net new loans for February alone reached €328.7 million. Deposit interest rates remain among the lowest in the Eurozone, attributed to the high liquidity of Cypriot banks, with a Liquidity Coverage Ratio of 330% compared to the 163% EU average. Furthermore, the pass-through effect of interest rate changes in Cyprus is weaker than the Eurozone average. Consumer loan interest rates also saw a slight decline, settling at 7.12%. Authorities emphasize that portfolio composition can influence these weighted average rates.