Total deposits show decrease, loans up in June

10:16 - 26 July 2024

Financial Services Reporter

Total deposits in June 2024 recorded a net decrease of €44.1 million, compared with a net increase of €925.7 million in May 2024, the Central Bank of Cyprus Monetary Financial Institutions (MFIs) Deposits and Loans Statistics for June says, which are included in the July 2024 edition of Monetary and Financial Statistics.

It notes that total deposits in June 2024 recorded a net decrease of €44.1 million, compared with a net increase of €925.7 million in May 2024 and that the annual growth rate of total deposits stood at 2.0%, compared with 2.8% in May 2024. The outstanding amount of total deposits reached €53.4 billion in June 2024.

Deposits of Cyprus residents exhibited an increase of €86.2 million. More analytically, deposits of households and non-financial corporations increased by €40.0 million and €259.8 million respectively. Deposits of the remaining domestic sectors exhibited a total decrease οf €213.6 million.

Total loans in June 2024 recorded a net increase of €234.6 million, compared with a net increase of €70.2 million in May 2024. The annual growth rate of total loans stood at 1.6%, compared with 1.2% in May 2024. The outstanding amount of total loans reached €25.1 billion in June 2024.

Loans to Cyprus residents exhibited an increase of €176.9 million. In particular, loans to households and non-financial corporations increased by €83.3 million and €115.0 million respectively. Loans to the remaining domestic sectors exhibited a total decrease of €21.4 million.

(Source: CNA)

Total deposits show decrease, loans up in June

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