Total deposits in January show monthly decrease

08:00 - 28 February 2025

Economy Reporter

Total deposits in January 2025 recorded a net decrease of €211.3 million, compared with a net increase of €977.4 million in December 2024, the Central Bank of Cyprus says in its Monetary Financial Institutions, MFIs, deposits and loans statistics for the reference month of January 2025, which are included in the February 2025 edition of Monetary and Financial Statistics.

It notes that total deposits in January 2025 recorded a net decrease of €211.3 million, compared with a net increase of €977.4 million in December 2024, adding that the annual growth rate of total deposits stood at 6.9%, compared with 6.6% in December 2024. The outstanding amount of total deposits reached €55.7 billion in January 2025.

Deposits of Cyprus residents exhibited a decrease of €81.2 million. More analytically, households’ deposits increased by €111.1 million, while deposits of non-financial corporations recorded a decrease of €57.1 million. Deposits of the remaining domestic sectors exhibited a total decrease of €135.2 million.

Total loans in January 2025 recorded a net decrease of €45.6 million, compared with a net increase of €503.2 million in December 2024. The annual growth rate of total loans stood at 3.2%, compared with 2.8% in December 2024. The outstanding amount of total loans reached €25.4 billion in January 2025.

Loans to Cyprus residents exhibited an increase of €52.6 million. More analytically, loans to households decreased by €10.2 million, while loans to non-financial corporations recorded an increase of €64.4 million. Loans to the remaining domestic sectors exhibited a total decrease of €1.6 million.

(Source: CNA)

Total deposits in January show monthly decrease

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