The outbreak of the pandemic in Cyprus, due to the Omicron mutation and the increased uncertainty about the impact on the real economy, led to a sudden tightening of the criteria for granting loans to businesses in the fourth quarter of 2021.
At the same time, according to the Central Bank of Cyprus (CBC) Bank Lending Survey, the criteria remained unchanged for lending to households. However, banks' expectations for the first quarter of 2022 indicate that the criteria for granting loans in Cyprus to businesses and households for all loan categories were expected to remain unchanged.
(CNA)
CNA
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