Total new loans up 65.4% in December while interest rates drop

Total new loans recorded an increase of 65.4% in December 2018 compared to the previous month, while lending and deposit rates fell further.

According to figures published by the Central Bank of Cyprus on Friday, total new loans rose to € 407.6 million, compared to € 246.4 million in the previous month.

Loans to non-financial corporations over € 1 million recorded the largest increase, to € 216.9 million, compared to € 91.0 million in the previous month. Of these € 195.6 million were pure new loans and € 21.3 loans that have been renegotiated.

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Total new loans up 65.4% in December while interest rates drop


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