Lending standards unchanged as demand for credit rises

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Lending standards unchanged as demand for...
 © BusinessMail 2017
By Stelios Orphanides

Cypriot banks, plagued with a mountain of non-performing loans, kept their already strict lending standards unchanged in all categories in the third quarter and intend to do so during this quarter, as demand picks up, the Central Bank of Cyprus said.

The standards, practically unchanged since the first three-month period of 2015, will apply to corporate lending as well as consumer credit and mortgages, the bank supervisor said in a statement on its website on Wednesday.

Demand for corporate lending rose in July to September and is expected to remain...


Lending standards unchanged as demand for credit rises


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