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Investment Funds assets drop by 2%

17/11/2015 20:18
The total assets of the Investment Funds (IF) have decreased by approximately 2% to €2.908 mn in September 2015, compared with €2.963 mn in June 2015, according to the investment funds quarterly statistics for September 2015 released today by the Central Bank of Cyprus.

This is due to the decrease of the number of reporting entities, following the revocation of their license.

A total of 78 IF submitted data at the end of June 2015 and 67 at the end of September. According to Central Bank figures, the total deposits of the 67 IF amounted at the end of the third quarter to €216,1 mn and their loans amounted to € 28,9 mn.

Moreover, the data for reference months March and June 2015 have been revised.