Cyprus Business Now

01 July 2022

Cyprus Business Now

The amount of total deposits in the Cypriot banking system decreased in May, but still represented nearly double the amount of loans, according to a report released by the Central Bank of Cyprus (CBC) this week.

Total deposits in May 2022 recorded a net decrease (excluding changes resulting from reclassifications, exchange rate and other adjustments) of €166.9 million.
 
It had recorded a net increase of €146.5 million at the end of the previous month.
 
 
 
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