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Cyprus Bank Lending in Feburary Increases as Business Loans Rise

March 28 (Bloomberg) -- Cyprus bank lending in February rose 11 percent from a year earlier to 68.6 billion euros ($91.2 billion) as business loans rose, the Central Bank of Cyprus said.

Loans to non-financial corporations climbed 12 percent to 31.2 billion euros, the regulator said in a statement on its website today. Loans to other financial intermediaries surged 27 percent to 9.2 billion euros.

Household lending rose 5 percent to 27 billion euros, the bank said. Deposits were up 0.1 percent at 69.6 billion euros.

-- Editors: Tim Farrand, James Kraus

To contact the reporter on this story: Stelios Orphanides in Nicosia at

sorphanides@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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