Increase in new lending in Cyprus due to interest rate cuts
May 18, 2025
After several interest rate reductions by the ECB, borrowers in Cyprus are showing increased interest in new loans. In the first quarter of 2025, total new lending reached €1.24 billion, with significant growth mainly in business and housing loans. The Bank of Cyprus and the Hellenic Bank hold the largest market shares. With a positive outlook, 2025 is expected to be a good year for new lending.