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Cyprus banking system deposits increase by €590 million
January 30, 2023
Deposits in the Cypriot banking system experienced an increase of approximately €590 million in December 2022, with their total balance exceeding €52 billion, according to a report published on Friday by the Central Bank of Cyprus (CBC).
In addition, loans marked a net increase after five consecutive months of decline and reached €26.1 billion, with liquidity in the system standing at €26 billion.
According to the central bank report, total deposits in December 2022 recorded a net increase of €586.3 million. This figure excludes any changes resulting from reclassifications, exchange rate fluctuations, and other adjustments.