Nicosia, Cyprus. The Central Bank of Cyprus (CBC) on Friday reported a sharp decline in total net new loans in January 2026. Total net new loans fell by €377.7 million compared with the previous month, while net new housing loans decreased by €39.7 million.
Overall lending
According to the CBC, net new loans reached €247.3 million in January 2026, from total new lending of €495.9 million. This compares with €625.0 million in net new loans recorded in December 2025, which came from total new lending of €986.9 million.
Consumer loans
Data from the central bank showed that net new consumer loans increased slightly to €18.9 million, from €17.2 million in the previous month. These loans were issued from total new consumer lending of €20.1 million, compared with €18.2 million in December.
Housing loans
Net new housing loans declined to €95.7 million, down from €135.4 million in the previous month. The total value of new housing loans stood at €138.1 million in January, compared with €178.1 million recorded in December.
Loans to non-financial corporations
The central bank reported that net new loans to non-financial corporations for amounts up to €1 million decreased to €40.1 million, from €60.3 million the previous month.
Interest rates
The CBC said interest rates on both consumer loans and housing loans declined during the month.
What do you expect the decline in net new loans to mean for borrowing activity in Cyprus?