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Cyprus deposits up, loans down in May

July 1, 2014



Total deposits in May at all monetary financial institutions (MFIs) saw a net increase of 307.4 mln, continuing from a net increase of 264.7 mln in April, the Central Bank of Cyrpus said in its monthly statistics report.

The annual growth rate stood at -7.4% as compared with -10.3% in April, while the outstanding amount of deposits reached 46.9 bln in May.

Total loans saw a net decrease of 255.5 mln, as compared with a net decrease of 172.5 mln in April as well. The annual growth rate stood at -9.5% as compared with -9.3% in April. The outstanding amount of loans reached 61.0 bln in May.


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Source: Financial Mirror (Cyprus)


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