Net demand for loans continues to rise
Net demand for loans continued to rise for all loan categories during the second quarter of the year, according to the Bank Lending Survey for July published by the Central Bank of Cyprus.
According to the survey, credit standards for loans to enterprises and households remained unchanged, while in the eurozone they were eased.
Banks participating in the survey expect that in the third quarter of 2015 credit standards for loans to all categories in Cyprus will remain unchanged, while in the eurozone, standards for loans to enterprises, households for consumer credit and other lending are expected to ease, while credit standards for housing will tighten.
The survey notes the increase of net demand for loans during the second quarter of 2015 in the eurozone including Cyprus from all loan categories.
Specifically, the increase in the net demand for loans from enterprises in Cyprus, which was recorded in the first quarter of the year, (for the first time since the first quarter of 2011), continued during the second quarter of 2015, and was at the same level as the previous quarter.
At the same time, net demand for loans for housing rose for the first time since the second quarter of 2010.
Since the first survey in 2008, an increase was recorded for the first time in the net demand for loans for consumer credit and other lending.