Net new lending declines by 33% in March amid the coronavirus crisis

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Net new lending declines by 33% in March amid...
 © In-Cyprus 2020
Net new lending in Cyprus declined by 33% in March compared with the previous month, affected by lockdown measures to curb the spreading of the coronavirus outbreak, according to data released today by the Central Bank of Cyprus (CBC).

According to the data published by the CBC pure new lending declined to €131 million in March compared with €196 million in the previous month. However, total new lending which includes renegotiated loans declined by only €17 million to €281.7 million due to the inflow to renegotiated corporate loans above €1 million.

Net new consumer...


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This article was automatically added to our system 6-5-2020

Net new lending declines by 33% in March amid the coronavirus crisis


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Article Tags: lending, declines, march, coronavirus, crisis,