Increase in Lending to Large Enterprises in 2024
September 5, 2024
Large enterprises are securing the majority of bank loans this year, despite a rise in interest rates. There has been a significant increase in new loans, with net corporate loans over €1 million reaching €211.8 million in July. Bank of Cyprus continues to be the main lender in the economy, with increased lending due chiefly to business demand. Overall, lending shows a positive trend compared to previous years.