Cyprus Mail

Total new loans down to €249m in July

Τotal new loans given out by Cyprus’ banks fell €90m to €249m in July 2019 compared with June’s €339.1m according to data released by the Central Bank on Tuesday.

New consumer loans increased to €17.3m, compared with €14.2 million in the previous month, of which € 0.5m comprised renegotiated or restructured loans.

Fresh loans for house purchase rose to €87.8 million, compared with €71.3 million in June, of which €3.7m comprised restructured loans.

Those to non-financial corporations borrowing up to €1m recorded an increase to €41.6m, compared with €39.4m the previous month, of which € 4.9m were loans that were renegotiated.

New loans to non-financial corporations borrowing over €1m declined to €72.8m, compared with €190.2m the previous month, of which € 5.6m were loans that have been renegotiated.

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