COVID19: Bank new lending declined by 33% in March

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COVID19: Bank new lending declined by 33% in March
 © FinancialMirror 2020

Pure new bank lending in Cyprus declined by 33% in March compared with the previous month, as the lockdown to curb the spread of the coronavirus outbreak began to bite.

According to the Central Bank of Cyprus (CBC) data, pure new lending declined to €131 mln in March compared with €196 mln in February.

However, total new lending which includes renegotiated loans declined by only €17 mln to €281.7 mln due to the inflow of renegotiated corporate loans above €1 mln.

Pure new consumer lending...


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This article was automatically added to our system 7-5-2020

COVID19: Bank new lending declined by 33% in March


The contents of this article including any associated images are © FinancialMirror 2020
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