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

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Total new loans up 65.4% in December while...
 © In-Cyprus 2019
Total new loans rose by a monthly 65.4% in December 2018, 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.

New loans for house purchase rose to €101.6 million, compared with...


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


The contents of this article including any associated images are © In-Cyprus 2019
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