Net de­mand for loans con­tin­ues to rise

Financial Mirror (Cyprus) - - FRONT PAGE -

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.

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