Cyprus banks tighten lending criteria due to risks associated with pandemic

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Lending criteria to businesses and households in Cyprus, became stricter in the fourth quarter of 2020, compared to the previous quarter, as a result of the risks associated with the coronavirus pandemic, according to the Bank Lending Survey for January 2021 of the  Central Bank of Cyprus.Furthermore,  there was an increase in the applications that were rejected in the fourth quarter of 2020 compared to the previous quarter for all categories of loans, and in particular for business loans.Moreover, banks …

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