Central Bank of Cyprus Publishes Report on Interest Rates for the Month of March

Центробанк Кипра опубликовал свежий отчёт по процентным ставкам за март 2021 года
6 May 2021 DOM LiVE
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The Central Bank of Cyprus published on Thursday, May 6 statistics of the interest rates of country's financial institutions on deposits and loans for residents of the euro area for the month of March, 2021.

This data was part of the Monetary and Financial Statistics.

The main changes in interest rates for new deposit and loan agreements, including those for which the terms have been renegotiated, can be summarized as follows.

Deposit rates

  • The interest rate on term deposits for one year and less for individuals did not change and remained at the level of 0.08%.
  • The rate on the same deposits for non-financial corporations fell to 0.08% (from 0.13% in February).

Loan interest rates

  • The interest rate on consumer loans in March 2021 fell to 2.92% (from 3.11% in the previous month).
  • The interest rate on home loans increased to 2.17% (from 2.15% in the previous month). It should be noted that this is one of the highest rates since April 2019.
  • The interest rate on loans to non-financial corporations for 1 million euros or less fell to 3.34% (3.19% in the previous month).
  • The interest rate on loans to non-financial corporations for over 1 million euros increased to 3.37% (2.48% in the previous month).

Центробанк Кипра опубликовал свежий отчёт по процентным ставкам за март 2021 года

As you may know, the total volume of new loans in March 2021 increased to 611.5 million euros, compared to 319.4 million euros in the previous month.

By categories of loans issued in March 2021:

  • New consumer loans rose to € 18.3 million from 12.0 million euros last month.
  • New home loans rose to 104.6 million euros from 88.5 million euros last month.
  • New loans to non-financial corporations of up to 1 million euros increased to 90.9 million euros from 66.5 million euros last month.
  • More than 1 million euros in new loans to non-financial corporations increased to 376.8 million euros from 120.4 million euros last month.
Source: inbusinessnews.reporter.com.cy
Photos: pixabay.com
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