Net new lending in Cyprus accelerated sharply in December, as borrowing activity strengthened at the end of the year while interest-rate movements diverged across loan categories, Central Bank of Cyprus (CBC) showed.
Net new loans rose by €368.7 million month-on-month to €625 m , out of total new lending of €986.9 m , compared with €256.3 m out of €565.2 m in November.
At the same time, deposit rates moved
