More specifically, the interest rate on deposits from households with an agreed maturity of up to one year remained unchanged at 0.06%, compared with the previous month, while the corresponding interest rate on deposits from non-financial corporations recorded an increase to 0.12%, compared with 0.02% in the previous month.

For lending rates, the interest rate on consumer credit rose to 3.10%, compared with 2.90% in the previous month, while the interest rate on loans for house purchase decreased to 2.15%, compared with 2.21% in December.

The interest rate on loans to non-financial corporations for amounts up to €1 million fell to 3.21%, compared with 3.25% in the previous month, but for amounts over €1 million, it registered an increase to 2.86%, compared with 2.84% in the previous month.

There was a big decrease recorded to new loans in January, since they fell to €289.3 million in January 2022, compared with €643.7 million in the previous month.

New loans for consumption registered a decline to €11.7 million, compared with €13,3 million, while new loans for house purchase decreased to €104.6 million, compared with €152.9 million in December.

New loans to non-financial corporations for amounts up to €1 million fell to €34.4 million, compared with €76.4 million in the previous month, while the ones for amounts over €1 million recorded a decrease to €128.9 million, compared with €381,4 million in the previous month.

The total amount of deposits for all currencies decreased in January 2022 to €51.3 billion, compared with €51.5 billion in December. The €30.11 billion of these are household deposits.

These statistics are included in the February 2022 edition of Monetary and Financial Statistics.

Source: Cyprus Mail