What are the interest rates on loans and deposits offered by banks in Cyprus?

The Central Bank of Cyprus will publish monthly data on the interest rates on deposits and loans offered by local financial institutions to the population of the island.

This was announced by its governor, Christodoulos Patsalidis, on Wednesday 11 September.

The initiative is expected to help Cypriot households and businesses better navigate the market. The first reporting month was July 2024. According to the study, rates vary significantly across categories and banking institutions. Below are details of each category of deposits and loans available from banks in Cyprus.

Deposits up to 1 year for households:

1. Alpha Bank - 2%;
2. Ancoria Bank - 2.01%;
3. Astrobank - 1.79%;
4. National Bank of Greece - 2.49%;
5. Hellenic Bank - 1.42%;
6. Eurobank - 2.46%;
7. Cdbbank - 1.72%;
8. Housing Finance Organisation (HFO) - 2.17%;
9. Societe Generale - 2.18%;
10. Bank of Cyprus - 1.35%;
11. Jordan Ahli Bank - 2.27%.

Deposits up to 1 year for corporates:

1. Alpha Bank - 2.01%;
2. Ancoria Bank - 2.25%;
3. Astrobank - 2.41%;
4. National Bank of Greece - 2.5%;
5. Hellenic Bank - 2.62%;
6. Eurobank - 2.18%;
7. Cdbbank - 2.67 %;
8. Housing Finance Organisation (HFO) - 0.52%;
9. Societe Generale - 2.56 per cent;
10. Bank of Cyprus - 2.3%;
11. Jordan Ahli Bank - 1.9%.

New home loans for households:

1. Alpha Bank - 3.41%;
2. Ancoria Bank - 4.08%;
3. Astrobank - 3.87%;
4. Hellenic Bank - 3.99%;
5. Eurobank - 4.79%;
6. Cdbbank - 5.22 %;
7. Housing Finance Organisation (HFO) - 2.96%;
8. Bank of Cyprus - 5.04%.

New loans up to €1 million to non-financial corporations

1. Alpha Bank - 1.88%;
2. Ancoria Bank - 5.77%;
3. Hellenic Bank - 4.9%;
4. Eurobank - 5.69%;
5. Cdbbank - 5.5%;
6. Societe Generale - 7.38%;
7. Bank of Cyprus - 5.72%.

New loans over €1 million to non-financial corporations

1. Ancoria Bank - 5.14%;
2. National Bank of Greece - 5.75%;
3. Hellenic Bank - 5.26%;
4. Eurobank - 4.72%;
5. Cdbbank - 7.07%;
6. Societe Generale - 7.38%;
7. Bank of Cyprus - 6.66%.

Effective time deposits up to 2 years for households:

1. Alpha Bank - 2.2%;
2. Ancoria Bank - 2.66%;
3. Astrobank - 1.52%;
4. National Bank of Greece - 2.73%;
5. Hellenic Bank - 0.42%;
6. Eurobank - 2.13%;
7. Cdbbank - 1.98%;
8. Housing Finance Organisation (HFO) - 1.6%;
9. Societe Generale - 2.31%;
10. Bank of Cyprus - 0.81%;
11. Jordan Ahli Bank - 2.44%.

Effective time deposits up to 2 years for non-financial corporations:

1. Alpha Bank - 2.45%;
2. Ancoria Bank - 2.17%;
3. Astrobank - 2.25%;
4. National Bank of Greece - 2.4%;
5. Hellenic Bank - 1.65%;
6. Eurobank - 1.7%;
7. Cdbbank - 2.43%;
8. Housing Finance Organisation (HFO) - 0.95%;
9. Societe Generale - 2.64%;
10. Bank of Cyprus - 2.05%;
11. Jordan Ahli Bank - 1.9%

Existing Housing Loans for Households with Over 5 Years Tenor

1. Alpha Bank - 4.42%;
2. Ancoria Bank - 4.42%;
3. Astrobank - 4.65%;
4. National Bank of Greece - 4.21%;
5. Hellenic Bank - 4.33%;
6. Eurobank - 4.9%;
7. Cdbbank - 4.33%;
8. Housing Finance Organisation (HFO) - 2.93%;
9. Societe Generale - 3.68%
10. Bank of Cyprus - 5.18%.

Existing loans over 5 years to non-financial corporations:

1. Alpha Bank - 5.73%;
2. Ancoria Bank - 6.03%;
3. Astrobank - 6.5%;
4. National Bank of Greece - 5.34%;
5. Hellenic Bank - 4.85%;
6. Eurobank - 5.63%;
7. Cdbbank - 6.65%;
8. Societe Generale - 6.08%;
9. Bank of Cyprus - 6.41%.