Banks to benefit from increase in demand for loans, Moody’s says

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Banks to benefit from increase in demand for...
 © BusinessMail 2017
By Stelios Orphanides

Moody’s Investors Service said that it expects Cypriot banks to extend the highest amount of new loans in a single year since the 2013 banking crisis, benefiting from an increase in demand for mortgages and corporate credit.

The expected increase in demand for new loans excludes loan restructurings and comes as economic growth picks up, conditions on the labour market improve and the real estate market recovers, Moody’s said in an emailed statement. Already in the first six months of the year, total new lending stood at €1.6bn, which is two thirds of the total new...


Banks to benefit from increase in demand for loans, Moody’s says


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