Τhe survey also showed that rejections of loan applications increased further both for businesses as well as households
Credit standards for corporate loans continued tightening in the second quarter of 2024, whereas standards for households remained unchanged reflecting the respondent banks’ risk tolerance.
The Bank Lending Survey, carried out by the Central Bank of Cyprus, showed that loan demand from businesses remained unchanged whereas demand for household loans continued declining, impacted by the interest levels, amid the ECB’s restrictive monetary cycle.
