Cyprus new mortgages jump to record high in June

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Net new loans for house purchasing rose to €114 million in June, reaching a new all-time monthly record since December 2014, when the Central Bank of Cyprus (CBC) began recording data. The rise was driven by a government`s interest rate subsidy scheme, aiming to support economy that has been affected by the Covid-19 pandemic. According to data released Monday by CBC total new loans continued to rise in June 2021, driven by both net new loans and restructurings. Total new loans recorded …

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