Banks cannot afford to relax lending criteria says CBC governor

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Banks cannot afford to relax lending criteria...
 © CyprusMail 2020
Despite ample liquidity, banks should not relax their lending criteria and repeat the mistakes made in the past, central bank governor Constantinos Herodotou said on Tuesday.

Speaking at a lunch organised by the Nicosia Rotary Club, Ledra, Herodotou said Cyprus’ bank liquidity coverage ratio was 352 per cent compared with the eurozone’s 150 per cent.

However, “banks should not rush to grant loans by relaxing the criteria,” he added.

“We must not repeat the mistakes of the past. Yes, there is excessive liquidity, yes our banks are faced with two...


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Banks cannot afford to relax lending criteria says CBC governor


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