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Economy · Cyprus
Liquidity exists but loans are provided sparingly by banks
2 sourcesFirst reported 16 days agoUpdated 16 days ago
Center 50%
Right 50%
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What all sources covered
- 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.
2 sources
Who reported first
PhilenewsFirst
In-Cyprus+3h
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