Lending rates in Cyprus show a gradual reduction remaining however, at high levels while deposit rates have stabilized, as new figures published by the European Central Bank show. Political parties...
Members of the Parliamentary Committee on Commerce put pressure on the Central Bank and banks as regards the calculation of loan interest on the basis of 360 days instead of 365 days. Essentially,...
24/11/2015
Lending rates in Cyprus have declined by about a percentage point during 2015 but remain the highest among all euro area countries. According to new data released today by the European Central Bank...
02/11/2015
Lending rates are on a downward trend since March 2015 in Cyprus supporting prospects for the recovery of the economy. After the intervention of the Central Bank to reduce deposit rates on 16...
02/09/2015
The Cooperatives proceeded with a further cut in their deposit rates, taking advantage of the liquidity conditions in the market due to the low demand for loans. An internal circular sent yesterday...
13/08/2015
Cyprus maintained its negative lead on interest rates among eurozone countries, despite the decline of the cost of money to record lows. New ECB data show that lending rates continued to decline in...
31/07/2015
Interest rates in Cyprus must be reduced further to converge with the European standards, President Nicos Anastasiades said on Tuesday. He noted that despite recent reductions, the average interest...
07/07/2015
Deposit rates in Cyprus have dropped to the lowest level in 15 years following trends of the rest of Europe and the signal for drastic cuts given in February by the Central Bank. Depositors, who...
12/06/2015
The ECB decided on Wednesday to leave interest rates on hold at 0.05%. The ECB announcement is as follows: At today’s meeting the Governing Council of the ECB decided that the interest rate on the...
03/06/2015
Deposit and lending rates fell in March 2015 after the intervention of the Central Bank of Cyprus. The CB announced on February 16, 2015 the change of the maximum deposit interest rate with a...
06/05/2015