A decrease in interest rates on deposits and consumer loans and a marginal increase in the interest rate on mortgages can be seen in the data published on Thursday by the Central Bank of Cyprus for March 2022.
The interest rate on deposits of up to one year from households decreased to 0,05%, compared to 0,07% in the previous month, while the corresponding interest rate on deposits from non-financial companies decreased to -0,01%, compared to with 0,00% in the previous month.
In terms of loans, the interest rate on consumer loans decreased to 3,06%, compared to 3,19% in the previous month, while the interest rate on home loans increased to 2,16%, compared to 2,14%. , XNUMX% in the previous month.
The interest rate on loans to non-financial corporations for amounts up to € 1 million decreased to 3,14%, compared to 3,24% in the previous month, while the interest rate on loans to non-financial corporations for amounts over € 1 million. 3,28 million recorded an increase of 3,16%, compared to XNUMX% in the previous month.
In addition, in March 2022 total new loans increased to € 506,7 million, compared to € 437,4 million in February.
Specifically, new consumer loans increased to € 14,1 million, compared to € 12,2 million last month, new loans for the purchase of housing increased to € 205,1 million, compared to € 150,4, XNUMX cm in February.
New loans to non-financial corporations for amounts up to € 1 million increased to € 79,3 million, compared to € 43,7 million, and new loans to non-financial corporations for amounts over € 1 million. recorded a decrease to € 199,9 million, compared to € 224,9 million in the previous month.
These data are included in the issue of Monetary and Financial Statistics, April 2022.