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[CNA] New loans increased by more than 50% in February, according to Central Bank data

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In February 2022, total new loans increased to €437.4 million, compared to €289.3 million in the previous month, according to data published by the Central Bank of Cyprus on Thursday.

New consumer loans increased to €12.2 million, compared to €11.7 million in the previous month. New home purchase loans increased to €150.4 million, compared to €104.6 million in January.

New loans to non-financial companies for amounts up to €1 million rose to €43.7 million, compared to €34.4 million in the previous month, while new loans to non-financial companies for amounts above €1 million recorded an increase to €224.9 million, compared to €128.9 million in the previous month.

According to the data, the interest rate on consumer loans rose to 3.19%, compared to 3,10% in
(CNA)


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