1 housing loan interest rates Archives - Page 2 of 2

PDMO Announces Interest Rates for Government Bonds

The PDMO has revealed new interest rates for sixyear government bonds for individual investors, ranging from 1.25% to 1.55% depending on the term length, with applications open from June 3 to June 20, 2024, offering a competitive weighted average rate of approximately 1.367%. This announcement signals a stable investment climate and provides an opportunity for investors to diversify their portfolios while securing predictable returns, reinforcing the government’s commitment to financial stability and sustainable debt management.

Cyprus Banks: Interest Rate Policies and Economic Impact

By Demis Papadopoulos

Cyprus banks have seen a 600% increase in profits in 2023, mainly from ECB interest earnings and higher lending rates. This has sparked concerns about the impact on the real economy and prompted discussions on potential government interventions to address the ethical and economic implications.

Cyprus Banks Trail in Interest Payments, Shine in Capital Returns

By Demis Papadopoulos

Cypriot banks offer low interest rates on household deposits, slightly above those in Bulgaria, but excel in capital returns with a 26.3% return on capital for 2023, ranking second in Europe. Despite the challenges posed by slow economic growth and rising interest rates, the banks’ adaptability and strategic decisions will shape their future trajectory.

Cyprus Experiences Rise in Housing Loan Interest Rates

By Demis Papadopoulos

As of October 2023, the interest rate for housing loans in Cyprus has surged to 4.91 percent, a significant increase from the previous month’s rate of 4.42 percent. This rise in rates reflects broader economic shifts and has implications for the affordability of homeownership and the financial wellbeing of households.