Insider Economy New lending reached €1.76 billion in the first half of 2019, up...

New lending reached €1.76 billion in the first half of 2019, up 11.5%

New loans granted in Cyprus in the first half of 2019 amounted to €1.76 billion, up 11.5% over the corresponding period in 2018.

According to CBC data, new lending in the first half was the highest of the last four years and corresponded to 56% of total new lending in 2018.

New corporate loans over €1 million reached €890 million marking in increase of €27% year on year and constituted the largest share of total new lending. Loans for house purchase amounted to €454 million marginally up compared with €444 million in the first half of 2018.

Corporate loans below €1 million declined to €232 million from €257 million the respective period of last year.

New lending in the second quarter of 2019 amounted to €908 million marking an increase of 7.5% year on year and 7% compared with the first quarter of 2019.

(Cyprus News Agency)

Top Stories

181 new cases of COVID-19 on Tuesday

The Health Ministry announced 181 new COVID-19 cases on 27 October, out of 3,589 laboratory tests, taking confirmed infections to 3,817. The break-down of new...

President Anastasiades and Turkish Cypriot leader to hold first informal meeting next Tuesday

President of the Republic of Cyprus Nicos Anastasiades and Turkish Cypriot leader Ersin Tatar will hold their first informal meeting on the 3rd of...

FM: Turkey’s actions not conducive to Guterres’ efforts over Cyprus

Cyprus’ Foreign Minister Nikos Christodoulides said on Tuesday that Turkey’s illegal actions undermine peace and stability in the region and are not conducive to...

State Health Services Organization confirms hiring of nurses

The State Health Services Organization confirmed today to the nurses’ trade unions that the decision for the hiring of new nurses to man Hospitals...

200,000 rapid COVID-19 tests ordered

The Health Ministry announced that 200,000 antigen rapid COVID-19 tests have been ordered within the framework of the measures taken to manage the new...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...