Further increase in loan demand recorded in Q1 2020 despite measures for COVID-19 in March

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Net demand for loans in Cyprus has recorded a further increase in the first quarter of 2020, a development that is reflected, according to a survey by the Central Bank of Cyprus (CBC), in the positive GDP growth rate in the first quarter of this year despite adverse developments recorded in March in connection with the coronavirus pandemic. However, the demand for loans by households, according to the survey, remained in the first quarter at the same levels of the previous …

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