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Deposits Rise to the Highest Level in 10 Months
August 29, 2019
Deposits in Cyprus Banks rose in July 2019 to the highest level of the last 10 months, while overall loans fell to a new low, according to data released by the Central Bank of Cyprus on Wednesday, August, 28.
Total deposits in July 2019 recorded a net increase of €201.9 million, compared with a net increase of €46 million in June 2019. The annual growth rate reached 2.1%, compared with 3.3% in June 2019.
The outstanding amount of deposits reached €48.5 billion in July 2019.
Total loans in July 2019 exhibited a net decrease of €3.9 million, compared with a net increase of €128.9 million in June 2019. The annual growth rate stood at -2.2%, compared with -2.3% in June 2019.
The outstanding amount of total loans reached €34.1 billion in July 2019.