Pure new loans from Cyprus banks increase by 7.4% in April

Pure new loans rose by pound 20.9 million in April 2024, according to data released on Wednesday by the Central Bank of Cyprus. Specifically, pure new loans from Cypriot banks reached pound 304.3 million in April, up from pound 283.4 million the previous month, marking a 7.4% increase. However, total new loans, which include renegotiated loans, observed a decrease, falling to pound 422.6 million in April from pound 496.4 million in March. New loans for consumption increased to pound 22.4 million (of which pound 21.0 million were pure new loans), compared with pound 22.2 million in the previous month (of which pound 20.5 million were pure new loans). New loans for house purchases recorded an increase to pound 123.8 million (of which pound 90.1 million were pure new loans), compared with pound 119.6 million in the previous month (of which pound 86.9 million were pure new loans). New loans to non-financial corporations for amounts up to pound 1 million decreased to pound 67.5 million (of which pound 52.4 m illion were pure new loans), compared with pound 69.3 million in the previous month (of which pound 52.2 million were pure new loans). New loans to non-financial corporations for amounts over pound 1 million registered a decrease to pound 203.5 million (of which pound 140.8 million were pure new loans), compared with pound 270.8 million in the previous month (of which pound 123.8 million were pure new loans). Source: Cyprus News Agency