Total amount of new loans dropped to €278.4m

The total amount of new loans dropped to €278.4m in August 2021 according to a report released by the Central Bank of Cyprus on Thursday (September 30).

This reflects a €228.9m drop from the previous month’s figure of €507 3m August also saw a decrease in new loans for consumption dropping to €13 2m from July’s €16m July figure
New loans for the purpose of house acquisitions dropped to €89.5m €28.6m down from July’s €118.1m

In addition, the report from the central bank also shows new loans to non-financial corporations for amounts of up to €lm decreased by €17 4m in August with the figure standing at €44 lm compared to the previous month’s €61.5m.