Cyprus sees surge in new lending during June

Net new loans in Cyprus experienced a substantial increase in June 2024, reaching a total of €330.6 million, compared to €234.9 million in May, according to a report released this week by the Central Bank of Cyprus (CBC).

Overall, new loans saw a rise to €514.9 million in June 2024, up from €391.6 million in the previous month.

This figure includes both new loan contracts and re-negotiated agreements within the reporting month.

In addition, the CBC explained that this increase is primarily attributed to a €95.