Interest rate on bank loans reached 6.42% in first quarter of 2008 in Cyprus, according to the National Central Bank. This is 2.78% less than in the previous quarter.
Historically, interest rate on bank loans in Cyprus reached an all time high of 9.00% in 1Q1990 and an all time low of 6.42% in 1Q2008.
Cyprus has been ranked 120th within the group of 136 countries we follow in terms of interest rate on bank loans.
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