New credit granted in November reached €285 million

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Pure new lending granted by the banking system amounted to €285 million in November 2021, marking an increase of 45.6% compared with the previous month.According to data published by the Central Bank of Cyprus (CBC) renegotiated loans declined significantly to €67 million compared with €118.3 million in the previous month, with the monthly rise mainly driven by new credit for corporate loans over €1 million.Corporate loans over €1 million had the lion’s share of total pure credit with €125.5 million, …

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