The central bank reported that new loans for consumption fell to €12.7m, compared with €17.4m in the previous month, whereas new loans for house purchase were down to €71.7m, from €73.9m.

New loans to non-financial corporations for amounts up to €1m decreased to €35.5m, from €41.3m in July, while new loans to non-financial corporations for amounts over €1m recorded a decline to €73.5m, compared with €134.1m the previous month.

The interest rate on deposits from households with an agreed maturity of up to one year marginally decreased to 0.84%, from 0.85% in the previous month.

The corresponding interest rate on deposits from non-financial corporations rose to 0.62%, from 0.55% in July.

The interest rate on consumer credit increased to 3.84%, compared with 3.76% in the previous month, while the interest rate on loans for house purchase fell to 2.40%, from 2.47% in the seventh month of the year.

The interest rate on loans to non-financial corporations for amounts up to €1m dropped to 3.44%, compared with 3.61% in the previous month. The interest rate on loans to non-financial corporations for amounts over €1m was down to 2.73%, compared with 3.52% the previous month.

Source: Cyprus Mail