Cyprus sees 47 per cent surge in new loans, corporate borrowing spikes.

March 6, 2024

Cyprus saw a substantial 47 per cent increase in the issuance of new loans during the first month of the year, according to a report released this week by the Central Bank of Cyprus (CBC).

The surge, compared to January 2023, is primarily attributed to corporate loans exceeding €1 million in total value.

Original Source: Philenews

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