Deposits Reach Six-Month High In September, Boosted By Debt Payment Holiday

October 29, 2020

Deposits in the Cyprus banking system amounted to €48 billion in September, reaching the highest point in the last six months, mainly due to the increase in deposits of non-financial corporations.

According to data released by the Central Bank of Cyprus, adjusted for foreign currency exchange rates, total deposits in September 2020 recorded a net increase of €36.2 million, compared with a net increase of €366.5 million in August 2020.

The annual growth rate stood at -0.6%, compared with a zero annual growth rate in August 2020.

Continue reading at source: Gold News