{"id":112818,"date":"2025-05-07T21:29:03","date_gmt":"2025-05-07T18:29:03","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=112818"},"modified":"2025-05-07T21:29:03","modified_gmt":"2025-05-07T18:29:03","slug":"new-lending-in-cyprus-soars-to-e658-2m-in-march-2025","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/he\/new-lending-in-cyprus-soars-to-e658-2m-in-march-2025\/","title":{"rendered":"New Lending in Cyprus Soars to \u20ac658.2M in March 2025"},"content":{"rendered":"<p class=\"\" data-start=\"283\" data-end=\"580\">March 2025 brought a major boost in lending activity across Cyprus, with pure new loans more than doubling from the previous month. According to the Central Bank of Cyprus, \u20ac658.2 million in fresh loans were granted in March\u2014a sharp rise compared to \u20ac246.1 million in February.<\/p>\n<h3 class=\"\" data-start=\"582\" data-end=\"615\">Business Loans Lead the Way<\/h3>\n<p class=\"\" data-start=\"617\" data-end=\"791\">The most dramatic increase came from large business loans (over \u20ac1 million), which shot up to \u20ac483.1 million, skyrocketing from just \u20ac92 million a month earlier.<\/p>\n<p class=\"\" data-start=\"793\" data-end=\"1028\">Meanwhile, housing loans climbed to \u20ac103.8 million, a modest but notable rise from \u20ac92.8 million in February. Consumer loans also edged higher, reaching \u20ac22.8 million, compared to \u20ac19.3 million the month before.<\/p>\n<p class=\"\" data-start=\"1030\" data-end=\"1165\">Smaller business loans\u2014those under \u20ac1 million\u2014also saw an uptick, rising to \u20ac48.5 million, up from \u20ac42 million in February.<\/p>\n<h3 class=\"\" data-start=\"1167\" data-end=\"1207\">Total Lending Nearly Hits \u20ac1 Billion<\/h3>\n<p class=\"\" data-start=\"1209\" data-end=\"1408\">When including both new and renegotiated loans, total lending in March reached \u20ac964.2 million, more than double the \u20ac431.8 million recorded in February. That total breaks down as follows:<\/p>\n<ul data-start=\"1410\" data-end=\"1606\">\n<li class=\"\" data-start=\"1410\" data-end=\"1450\">\n<p class=\"\" data-start=\"1412\" data-end=\"1450\">\ud83c\udfe1 <strong data-start=\"1415\" data-end=\"1432\">Housing loans<\/strong>: \u20ac188.2 million<\/p>\n<\/li>\n<li class=\"\" data-start=\"1451\" data-end=\"1492\">\n<p class=\"\" data-start=\"1453\" data-end=\"1492\">\ud83d\udecd <strong data-start=\"1456\" data-end=\"1475\">Consumer credit<\/strong>: \u20ac24.5 million<\/p>\n<\/li>\n<li class=\"\" data-start=\"1493\" data-end=\"1550\">\n<p class=\"\" data-start=\"1495\" data-end=\"1550\">\ud83c\udfe2 <strong data-start=\"1498\" data-end=\"1533\">Business loans under \u20ac1 million<\/strong>: \u20ac82.4 million<\/p>\n<\/li>\n<li class=\"\" data-start=\"1551\" data-end=\"1606\">\n<p class=\"\" data-start=\"1553\" data-end=\"1606\">\ud83c\udfe6 <strong data-start=\"1556\" data-end=\"1590\">Business loans over \u20ac1 million<\/strong>: \u20ac661.9 million<\/p>\n<\/li>\n<\/ul>\n<h3 class=\"\" data-start=\"1608\" data-end=\"1641\">Interest Rates: A Mixed Bag<\/h3>\n<p class=\"\" data-start=\"1643\" data-end=\"1700\">Interest rate movements in March painted a mixed picture:<\/p>\n<ul data-start=\"1702\" data-end=\"2009\">\n<li class=\"\" data-start=\"1702\" data-end=\"1771\">\n<p class=\"\" data-start=\"1704\" data-end=\"1771\">\ud83d\udcc8 Consumer credit rates rose to 7.40%, up from 7.11%<\/p>\n<\/li>\n<li class=\"\" data-start=\"1772\" data-end=\"1826\">\n<p class=\"\" data-start=\"1774\" data-end=\"1826\">\ud83c\udfe1 Housing loan rates held steady at 4.56%<\/p>\n<\/li>\n<li class=\"\" data-start=\"1827\" data-end=\"1916\">\n<p class=\"\" data-start=\"1829\" data-end=\"1916\">\ud83d\udcc9 Large business loan rates (over \u20ac1M) dropped to 3.87%, down from 4.48%<\/p>\n<\/li>\n<li class=\"\" data-start=\"1917\" data-end=\"2009\">\n<p class=\"\" data-start=\"1919\" data-end=\"2009\">\ud83d\udcc8 Small business loan rates (under \u20ac1M) increased to 4.96%, compared to 4.66%<\/p>\n<\/li>\n<\/ul>\n<p class=\"\" data-start=\"2011\" data-end=\"2215\">It&#8217;s worth noting that housing loan averages can vary month-to-month due to the mix of loans being issued (like loans for primary homes vs. vacation properties), even if individual rates don\u2019t change.<\/p>\n<h3 class=\"\" data-start=\"2217\" data-end=\"2251\">Deposit Rates on the Decline<\/h3>\n<p class=\"\" data-start=\"2253\" data-end=\"2299\">Depositors didn\u2019t get much good news in March:<\/p>\n<ul data-start=\"2301\" data-end=\"2482\">\n<li class=\"\" data-start=\"2301\" data-end=\"2407\">\n<p class=\"\" data-start=\"2303\" data-end=\"2407\">\ud83c\udfe0 Household deposit rates (for time deposits under 1 year) fell to 1.41%, down from 1.51%<\/p>\n<\/li>\n<li class=\"\" data-start=\"2408\" data-end=\"2482\">\n<p class=\"\" data-start=\"2410\" data-end=\"2482\">\ud83c\udfe2 Corporate deposit rates dropped to 1.31%, down from 1.54%<\/p>\n<\/li>\n<\/ul>\n<p class=\"\" data-start=\"2410\" data-end=\"2482\"><em data-start=\"254\" data-end=\"281\">Source: Stockwatch.com.cy<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>March 2025 brought a major boost in lending activity across Cyprus, with pure new loans more than doubling from the previous month. According to the Central Bank of Cyprus, \u20ac658.2 million in fresh loans were granted in March\u2014a sharp rise compared to \u20ac246.1 million in February. Business Loans Lead the Way The most dramatic increase [&hellip;]<\/p>","protected":false},"author":9,"featured_media":112819,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/112818"}],"collection":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/comments?post=112818"}],"version-history":[{"count":1,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/112818\/revisions"}],"predecessor-version":[{"id":112820,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/112818\/revisions\/112820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media\/112819"}],"wp:attachment":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media?parent=112818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/categories?post=112818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/tags?post=112818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}