Cyprus Business Now: Eurobank, Shell, surplus, inflation, borrowers, real estate

The Central Bank of Cyprus (CBC) on Friday published a new Economic Brief examining how the European Central Bank’s (ECB) recent monetary policy cycle reshaped the composition of bank lending in Cyprus, concluding that a marked shift towards longer-term fixed-rate loans has brought domestic financing conditions closer to those prevailing across the eurozone.

The report, prepared by the CBC’s Economic Analysis and Monetary Policy Division, said the move towards longer-term fixed-rate lending...