Total new loans up 65.4 per cent in December as interest rates drop

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Total new loans up 65.4 per cent in December as...
 © CyprusMail 2020
Total new loans recorded an increase of 65.4 per cent in December 2018 compared with 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 €407.6m, compared with €246.4m in the previous month.

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

New loans for house purchase rose...


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Total new loans up 65.4 per cent in December as interest rates drop


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Article Tags: total, loans, december, interest, rates,