Corporate loans reached 17.8 USD bil in 2017 in Cyprus, according to the National Central Bank. This is 5.94 % more than in the previous year.
Historically, corporate loans in Cyprus reached an all time high of 31.9 USD bil in 2012 and an all time low of 16.8 USD bil in 2016. When compared to Cyprus's main peers, corporate loans in Greece amounted to 98.3 USD bil, 106 USD bil in Israel and 393 USD bil in Turkey in 2017.
Cyprus has been ranked 31st within the group of 75 countries we follow in terms of corporate loans.
Corporate loans are loans made to businesses for a specific business purpose.