Insider Economy Net new lending in Cyprus amounted to €3.19 billion 2019

Net new lending in Cyprus amounted to €3.19 billion 2019

Pure new lending to corporations and households amounted to €3.19 billion in 2019, marking a slight annual increase attributed to large corporate credit over €1 million.

According to data released on Tuesday the Central Bank of Cyprus, gathered by CNA, net new lending (excluding renegotiated loans) in 2019 amounted to €3,194 million, marking a slight increase of 1.61% or €51 million compared to the year before.

Total new loans, including renegotiated loans, amounted to €3.77 billion compared to €3,48 billion in 2018.

According to CBC data, following the 2013 financial crisis, pure new loans rose to 3.23 billion in 2017 which is the highest figures from December 2014 when the CBC began collecting data on pure new loans.

Pure new corporate loans amounted to €1.98 billion, corresponding to 62% of the total pure loans granted in 2019, marking an increase of 2.5% compared to previous year. New corporate loans up to €1 million reached €436 million, down by 13.4% or €68 million compared with 2018, while pure corporate loans over €1 million rose by 116% or 8% compared to 2018.

According to the CBC data, pure new lending to households in 2019 marked a negligible rise reaching €1.23 billion compared with €1.21 billion the year before. New loans for house purchase represented 72% of total new lending to households, marking a marginal increase of 0.64% compared to 2018.

(Cyprus News Agency)

Top Stories

Eight new coronavirus cases detected out of 2,893 tests

The Ministry of Health has announced that 8 new cases of the SARS-CoV-II virus were detected in Cyprus over the past 24 hours out...

Omonia: 60 people to self-isolate due to covid case

Omonia's delegation, that travelled to Athens for the first match with Olympiakos in Faliro in the context of the Champions League playoffs (0-2 defeat),...

Two journalists stabbed near Charlie Hebdo’s old offices – France opens anti-terror probe

France opened an anti-terror investigation after two journalists were stabbed in Paris on Friday near the former offices of the Charlie Hebdo satirical magazine...

UK’s Tesco blocks bulk-buying of toilet roll and flour

Britain's biggest supermarket Tesco will prevent customers from bulk-buying flour, pasta, toilet rolls and anti-bacterial wipes to prevent a re-run of the COVID-19 stockpiling...

COVID-19: Average age in Cyprus is 39 (tables)

Here are the infographics, by the Ministry of Health, with statistics on the course of the coronavirus until September 22nd. The average age in...

Taste

Sheftalies

Sheftalies, a very tasty dish from the charcoal grill, are minced meat shaped into small sausages and wrapped in “panna” (suet). Panna is a...

Spicy grilled soutzoukakia

Place all ingredients for soutzoukakia in a bowl and mix well, preferably using a food processor, until well combined. Using the mixture, form cigar-shaped...

Souvlakia

Pork souvlaki: Put the meat and all the other ingredients in a bowl (not metal) and mix well. Cover the bowl and keep in...

Pastelli (Carob Toffee)

The nutritional sweet of Pastelli is made with the syrup of carob pods, produced by boiling their pulp until it forms a thick, sticky...