Net new loans granted in Cyprus in 2021 amounted to €2.94 billion, an increase of 22.3% compared to 2020, which was marked by the coronavirus health crisis.
Net new credit in 2021 recorded an increase of €536 million compared to the previous year, with the largest annual increase recorded in mortgage loans.
In December 2021, a total of €373 million in new loans were granted, which was the largest amount for all of 2021.
Compared to the pre-coronary era, net new loans show a decrease of €264 million or -8.25%.
The lion's share of the new loans granted in 2021 were mortgage loans with €1.12 billion or 38.1% of new loans. Compared to 2020, mortgage loans increased by €338 million.
Recall that the new
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