Net new loans in Cyprus fell by €18.5 million in October to €429.4 million, mainly due to a slowdown in lending to companies, while housing loans continued to rise, according to data published this week by the Central Bank of Cyprus (CBC).
Total new loans reached €624.9m, compared with €770.5m in September, when net new lending had stood at €447.9m.
According to the CBC, the monthly decline reflected weaker corporate
