Increased Interest Rates from Smaller Banks in Cyprus
September 11, 2025
Smaller banks in Cyprus are offering higher interest rates than larger ones, creating intense competition in the market. According to the Central Bank, these smaller banks provide better conditions for both depositors and borrowers. Returns on new deposits can reach up to 1.35%, compared to systemic banks that offer between 0.60% to 0.95%. Competition is also intensifying in loan offerings, with smaller banks increasing their market presence. This trend indicates a growing and more dynamic banking landscape in Cyprus.