The Central Bank of Cyprus published on Tuesday the Bank Lending Survey (BLS) for the first quarter of 2021 in which it is stated that the banks participating in the survey expect stricter lending criteria for households, unchanged criteria for lending to businesses and an increase in the demand for loans in all categories for the second quarter of 2021
The Central Bank of Cyprus says that the unpredictable outbreak of the pandemic in early 2021 seems to have significantly affected the demand for loans, both from households and businesses, overturning estimates for the first quarter of 2021, where during the January 2021 survey, banks expected an increase in demand in all categories of loans.
It says that the increase in coronavirus cases at the end of 2020 and the strengthening of restrictive measures led to a decrease in demand for borrowing from both hou
Source: Cyprus News Agency