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CBC: Cypriot Banks Expect Growth in Demand for New Loans
August 27, 2018
Cyprus banks foresee a continued rise in demand for new loans both by households and companies in the coming months, according to the Bank Lending Survey complied by the Central Bank of Cyprus for the second quarter of 2018.
According to the expectations of banks in Cyprus and in the euro area for the third quarter of 2018, net demand for new loans is expected to increase further in all loan categories.
“The expectations for further increase in the net demand for loans from the domestic non-financial private sector shows positive sings for the continuation of increased economic activity for the next quarter as well,” the CBC said.