Relaxation of lending criteria by banks
March 7, 2025
Banks are preparing to relax the terms for granting new loans, expecting an increase in demand for credit. According to a survey by the Central Bank of Cyprus, the scrutiny of potential borrowers has become more lenient compared to previous quarters. This shift marks the first relaxation of criteria for businesses since 2009 and for households since 2017. Additionally, decreases in interest rates and bank margins for new loans have been observed.