Cyprus new lending drops sharply while deposit rates stay low

The Central Bank of Cyprus (CBC) on Friday reported a sharp decline in total net new loans in January 2026.

Specifically, the figures showed that total net new loans fell by €377.7 million compared with the previous month, while net new housing loans decreased by €39.7 million.

At the same time, the central bank reported that interest rates on both consumer loans and housing loans declined during the month.

According to the CBC, net new loans reached €247.3 million in January 2026...