Tightening criteria for loans to businesses, stabilization for households

New stricter standards for enterprise lending with a simultaneous stabilization by way of granting loans to households, information the Financial institution Grants Survey carried out by the Central Financial institution of Cyprus for the second quarter of the yr, reflecting the diminished resistance of banks to tackle danger.

On the identical time, the survey exhibits unchanged demand for loans from companies but in addition a brand new discount in loans from households, as a result of detrimental impact of rates of interest, amid the restrictive coverage cycle from the European Central Financial institution.

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