demand for domestic and automobile loans in cyprus become suppressed in can also as compared to march and early april and this is attributed to the ongoing developing inflation and growing fees.
also under consideration with the aid of both households and businesses is the possibility of increased hobby quotes and the developing inflationary stress on salaries, in step with analysts.
cyprus significant financial institution trendy information suggests that, in april 2022, the full new loans decreased to €264.five million, in comparison to €506.7 million the previous month.
and new consumer loans in april fell to €13 million, compared to €14.1 million in march. new home loans in april decreased to €73.1 million, compared to €205.1 million in march.
as for brand spanking new loans to businesses for amounts up to €1 million those decreased to €fifty one million in april, as compared to €79.three million final month. new loans to agencies in april for amounts over €1 million reduced to € 120.five million, as compared to €199.nine million remaining month.
in march, the picture of borrowing changed into absolutely distinct. total new loans had extended to € 506.7 million, in comparison to €437.four million in february.