New lending by Cypriot banks rose significantly in January, driven mainly by large corporate loans, over €1 million, according to data released the Central Bank of Cyprus (CBC).
Pure new loans (excluding renegotiations) in January 2024 amounted to €220 million up by 47% compared to €149 million in January last year.
The sizeable annual increase is attributed to the low level of new corporate loans over €1 million in January