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Cyprus Banking Rates: Steady Household Deposits and Shifting Mortgage And Business Loan Trends

by THEFUTURE.TEAM

October 16, 2025

Overview Of August Developments

The Central Bank of Cyprus (CBC) has released its August 2025 report outlining the performance of deposit and loan interest rates across all credit institutions. Notably, household deposit rates have remained constant while business deposit rates experienced a decline. Meanwhile, the average mortgage rate increased and business loan rates saw a modest reduction, signaling evolving conditions in the financial sector.

Mortgage Loan Rates Rise Amid Competitive Dynamics

The CBC data indicates that the average interest rate for housing loans to Euro area residents increased from 3.90% in July 2025 to 4.01% in August 2025. The Bank of Cyprus recorded the highest rate of 4.64%, although this figure marked a decrease from 4.96% in the previous month. In contrast, Alpha Bank Cyprus offered the most competitive rate at 2.27%, down from 3.29%. Other key players, including the Housing Finance Corporation and Hellenic Bank, reported rates of 3.67%, while Ancoria Bank’s average rate shifted from 3.22% to 3.63%.

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Business Loan Rates Experience A Subtle Decline

The report also highlights a marginal drop in the average rate on new business loans up to €1 million, decreasing from 4.46% in July 2025 to 4.44% in August 2025. Despite this overall reduction, institution-specific variations were evident. Astrobank, for instance, posted a peak rate of 6.45%, an increase from 5.75%, whereas Hellenic Bank maintained competitive lending with a rate of 3.72%, down from 3.88%. Banque SBA and Societe Generale also displayed mixed trends, while the Bank of Cyprus showed a modest decrease from 4.96% to 4.91%.

Household And Business Deposits: Divergent Movements

In the deposit sector, the average interest rate on household time deposits with maturities up to one year remained steady at 1.08% in August 2025, aligning closely with the broader euro area average of 1.71%. The National Bank of Greece (Cyprus) led with a rate of 1.47%, whereas the Housing Finance Corporation continued to offer the lowest rate at 0.75%.

For business deposits, the average rate decreased by six basis points to 1.15%, compared to 1.21% in the previous month. Alpha Bank remained at the forefront with a rate of 1.41%, while the Housing Finance Corporation again reported the lowest rate, now at 0.21%. Hellenic Bank and Ancoria Bank both registered a rate of 1.30%, with additional institutions like Astrobank, Eurobank, the Cyprus Development Bank, and the Bank of Cyprus reflecting consistent adjustments in their rates.

Conclusion

The CBC’s August report illustrates a nuanced financial landscape in Cyprus. With household deposit rates holding steady and mortgage rates experiencing a rise, financial institutions continue to navigate competitive pressures and customer demands. As business loan and deposit rates adjust, stakeholders should remain attentive to these trends, which may influence broader economic decisions and investor sentiment.

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Starbucks Wins ‘Best Workplace / Employer Of Choice At The 18th IN Business Awards

by News Editor

May 26, 2026

Starbucks was recently awarded the ‘Best Workplace / Employer of Choice’ award at the 18th IN Business Awards in Greece — a recognition that reflects the company’s philosophy and its ongoing investment in its people.

This distinction confirms Starbucks’ commitment to creating a work environment defined by respect, collaboration, inclusivity, and equal opportunities for all. Starbucks consistently fosters a culture that encourages growth, authenticity, and participation since people are always at the center.

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“At Starbucks, our success is rooted in our people. This recognition is a testament to our team’s dedication to nurturing a space where everyone can express themselves, grow equally, and deliver exceptional experiences to our customers,” said Pambis Anastasis — District Manager of Starbucks, who received the award.

Through modern development and employee support practices, Starbucks meaningfully invests in the continuous training and empowerment of its workforce, offering learning opportunities, mentorship, and career advancement at every stage of their journey.

The company also promotes an inclusive workplace where every employee feels a sense of belonging, can express themselves freely, and grow equally. This approach is a core element of Starbucks’ identity and is reflected both in the company’s internal culture, and in the experience it delivers to customers.

Winning at the prestigious IN Business Awards is a great honor for Starbucks and serves as a strong affirmation that its people are always at the heart of every step it takes.