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Total new loans (including new credit and restructured loans) declined by 42% to €208 million in January 2021 compared to €357.4 million in December 2020, according to data released by the Central Bank of Cyprus. According to CBC data, the interest rate concerning consumer credit rose to the highest level of the last two years, whereas the interest rate for non-financial corporations up to €1 million rose to a twelve-month high. Furthermore, the interest rate for one-year deposits remained at historic …
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