Pure new loans from Cyprus banks increase by 7.4% in April

07:59 - 06 June 2024

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Financial Services Reporter

Pure new loans rose by €20.9 million in April 2024, according to data released by the Central Bank of Cyprus.

Specifically, pure new loans from Cypriot banks reached €304.3 million in April, up from €283.4 million the previous month, marking a 7.4% increase.

However, total new loans, which include renegotiated loans, observed a decrease, falling to €422.6 million in April from €496.4 million in March.

New loans for consumption increased to €22.4 million (of which €21.0 million were pure new loans), compared with €22.2 million in the previous month (of which €20.5 million were pure new loans).

New loans for house purchases recorded an increase to €123.8 million (of which €90.1 million were pure new loans), compared with €119.6 million in the previous month (of which €86.9 million were pure new loans).

New loans to non-financial corporations for amounts up to €1 million decreased to €67.5 million (of which €52.4 million were pure new loans), compared with €69.3 million in the previous month (of which €52.2 million were pure new loans).

New loans to non-financial corporations for amounts over €1 million registered a decrease to €203.5 million (of which €140.8 million were pure new loans), compared with €270.8 million in the previous month (of which €123.8 million were pure new loans).

(Source: CNA)

Pure new loans from Cyprus banks increase by 7.4% in April

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