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New business loans in Cyprus recorded a drop in July this year compared to June while consumer loans and housing loans increased. At the same time, data released by the Central Bank of Cyprus on Wednesday, show that mortgage and consumer loan interest rates decreased.According to the official data, in July 2020 total new loans recorded a drop at €241.2 million compared to €323.7 million in the previous month of this year.In particular, consumer loans were up reaching €16.1 million, …
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