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A spike in renegotiated corporate loans over €1 million pushed new loan contracts in March 2021 registering a 91% increase compared with February, data published by the Central Bank of Cyprus show. Furthermore, pure new loans in the Cyprus banking system registered an increase of 23.8% in March compared with February amounting to €255 million. According to the CBC, housing loans rose to €85.6 million in March, accounting for one third of pure new credit of the month. Housing loans are buoyed …
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