Cyprus Central Bank has Presented a Fresh Report on Loans and Interest Rates for February 2021

Центробанк Кипра представил свежий отчёт по кредитам и процентным ставкам за февраль 2021 года
1 April 2021 DOM LiVE
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On Wednesday, March 31, the Central Bank presented a report on loans in the banking system of Cyprus for February 2021, as well as changes in interest rates.

Loans

According to the Central Bank, loans provided to the population in the second month of the new year showed a slight increase.

In particular, the amount of new loans issued to households for the period from January to February 2021 increased by 0.2% and reached EUR 180 million.

In turn, the amount of new business loans issued over the same period decreased by 11.9% (to EUR 203 million from EUR 230 million compared to January-February 2020).

The total volume of loans provided by banks to individuals and companies, excluding restructuring, amounted to EUR 383 million. The amount of overdue loans to households in February 2021 amounted to EUR 49.5 million, and to enterprises - EUR95 million.

New loans to non-financial corporations (loans of less than EUR1 million) rose to EUR66.5 million (from EUR49.4 million in January 2021). New loans to non-financial corporations (loans of more EUR1 million) increased to EUR120.4 million (from EUR61.7 million in the previous month).

Центробанк Кипра представил свежий отчёт по кредитам и процентным ставкам за февраль 2021 года

Deposit rates

The interest rate on term deposits up to one year in February 2021 did not change and remained at the level of 0.08% compared to January 2021.

The corresponding interest rate on deposits of non-financial corporations rose to 0.13% from 0.10% in the previous month.

Interest rates on loans

The interest rate on consumer loans in February 2021 fell to 3.11% from 3.25% in the previous month. The interest rate on home loans increased to 2.15% from 2.12% in the previous month. It should be noted that this is one of the highest rates since April 2019

The interest rate on loans to non-financial corporations of up to EUR 1 million fell to 3.19% from 3.30% in the previous month. Finally, the interest rate on loans to non-financial corporations over EUR 1 million fell to 2.48% from 3.11% in the previous month.

Source: stockwatch.com.cy, www.brief.com.cy
Photos: pixabay.com
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