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Suspended Loan Instalments Rise To €1,31 Billion in June

Suspended Loan Instalments Rise To €1,31 Billion in June

Following data released by the Central Bank of Cyprus (CBC), from a total of 49,043 borrowers who applied for a loan suspension, 43,046 were for households and 5,997 for businesses. The total amount of suspended instalments at the request of borrowers rose at €1,31 billion on June 5 2020, from €1,26 billion on May 22 of the same year.

 

 
With regards to loans delayed for up to 30 days in both licensed credit institutions and credit acquisition companies, out of the total amount of suspended instalments, an amount of €915,97 million relates to corporate loans and €397,88 million to household loans.
 

 
The contractual value of the loans, for which a suspension of instalments was requested, rose to €11,44 billion on June 5 from €10,77 billion on May 22, of which €6,87 billion relates to corporate loans and the remaining €4,56 billion concerns household loans.
 

 
The largest amount of corporate loans (for which a suspension of instalments was requested) concerns the hospitality and catering sector with a gross value of €1,71 billion and 710 borrowers. The real estate sector follows closely with €1,28 billion (672 borrowers), the construction sector with €1,12 billion (608 borrowers) and wholesale and retail trade with €1,10 billion (1,732 borrowers). In the manufacturing sector, the requested suspension of instalments reached €440,13 million (559 borrowers).

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