Rates rise in April for restructured loans, deposits, mortgages

Click For Larger Image & Read More
Rates rise in April for restructured loans,...
 © CyprusMail 2020
Banks enticed non-financial companies and households to save more with higher rates in April, the month following the completion of Cyprus’s adjustment programme, and charged home buyers and larger companies higher rates.

Interest rates for deposits with a maturity of up to 12 months rose by 15 basis points in April, to 1.51 per cent, in the case of companies, while rates for households rose by 6 basis points, to 1.58 per cent, the Central Bank of Cyprus said in a statement on its website on Friday.

While mortgages became marginally less affordable...


Read all latest: Cyprus Coronavirus News Updates - Live

This article was automatically added to our system 3-6-2016

Rates rise in April for restructured loans, deposits, mortgages


The contents of this article including any associated images are © CyprusMail 2020
Views & opinions expressed in this article are those of the author and/or CyprusMail .

Advertise Here

  Trending Cyprus News

Advertise Here

Article Tags: rates, april, restructured, loans, deposits, mortgages,