lending Archives - Financial Mirror

Tighter lending meets lower loan demand

During the second quarter of 2023, the lending criteria for businesses and households remained strict, indicating the caution of banks. At the same time, there was a decrease in loan demand, attributed

25th October 2023

Cyprus/Economy

MOODYS: Turkey relaxing lending rate cap eases pressure on banks

The Central Bank of Turkey removing the first-tier threshold of the security maintenance ratio requiring banks to hold a defined percentage of government securities as reserves against loans is welcomed by Moody’s.

2nd August 2023

Business/World

New lending exceeds pre-pandemic levels

New credit provided by Cypriot banks reached €3.23 bln in 2022, increasing 10% year-on-year despite the uncertainty driven by the war in Ukraine, according to the Central Bank of Cyprus (CBC). Pure

3rd February 2023

Cyprus/Economy

Cyprus COVID spike tightened corporate lending in Q4 2021

The rise in daily Covid-19 infections and heightened uncertainty over the impact on the real economy led Cyprus banks to tighten the lending criteria for corporate loans in the fourth quarter of

4th April 2022

Business

Banks expect stricter lending criteria for households

Banks expect to enforce stricter lending criteria for households but not for COVID-affected businesses while preparing for increased demand for loans in all categories. This is according to the Central Bank of

24th August 2021

Business

Cyprus banks tighten lending criteria

Cyprus banks tightened lending criteria in the third quarter of 2020 while there was increased demand for loans from businesses and households during the pandemic, according to the bank lending survey. The

21st January 2021

Business

Cyprus mortgage rates at lower range in EU

New mortgage lending in Greece, Ireland, Austria, and Spain is offered at a higher rate than the average rate for outstanding mortgages, while for Cyprus, Belgium and Finland, the difference between new

5th February 2020

Business/Europe

New lending in Cyprus up 1.6% to €3.19 bln in 2019

Pure new bank lending to corporations and households amounted to €3.19 bln in 2019 marking a slight annual increase attributed to large corporate credit over €1 mln. According to data released by

5th February 2020

Business