28/07/2017 09:18
Total deposits in the Cypriot banking system in June amounted to €48.5 billion, marking a net decline of €433 million compared with May, the Central Bank of Cyprus said on Thursday.
According to the CBC figures, this is the biggest decline in the last eight months and is mainly attributed to the decline to the deposits of domestic residents.
Deposits in May registered a net increase of €168 million.
The annual growth rate stood at 4.2%, compared with 5.9% in May 2017.
Meanwhile total loans continued their decline with outstanding amounts reaching €54.3 billion in June.
Total loans declined by €43.4 million compared with May.
On an annual basis, total loans declined by 0.7% compared with a 1.6% reduction in May.
According to the CBC figures, this is the biggest decline in the last eight months and is mainly attributed to the decline to the deposits of domestic residents.
Deposits in May registered a net increase of €168 million.
The annual growth rate stood at 4.2%, compared with 5.9% in May 2017.
Meanwhile total loans continued their decline with outstanding amounts reaching €54.3 billion in June.
Total loans declined by €43.4 million compared with May.
On an annual basis, total loans declined by 0.7% compared with a 1.6% reduction in May.
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