Economy · Cyprus

Liquidity exists but loans are provided sparingly by banks

2 sourcesFirst reported 16 days agoUpdated 16 days ago

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Banks in Cyprus are experiencing increased liquidity, but new lending has not grown correspondingly.
Central Bank data for May indicates that while bank deposits continue to rise, the pace of new loans remains slow.
Despite significant improvements in the banking system's liquidity over the past years, banks are maintaining a strict lending policy.
The disparity between rising deposits and stagnant lending has raised concerns regarding access to credit for consumers and businesses.

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AI summary: catch up in 20 seconds

Banks in Cyprus are experiencing increased liquidity, but new lending has not grown correspondingly.
Central Bank data for May indicates that while bank deposits continue to rise, the pace of new loans remains slow.
Despite significant improvements in the banking system's liquidity over the past years, banks are maintaining a strict lending policy.
The disparity between rising deposits and stagnant lending has raised concerns regarding access to credit for consumers and businesses.

Generated by AI from the 2 sources below · always verify with the originals