Deposits increase €176.3 million in August

Total deposits in August 2018 recorded a net increase of €176.3 million, compared with a net increase of €796.4 million in July 2018, according to data released Thursday by the Central Bank of Cyprus.

 The annual growth rate reached 3.9%, compared with 45% in July 2018. The outstanding amount of deposits reached €51.1 billion in August 2018.
Total loans in August 2018 exhibited a net decrease of €187.8 million, compared with a net decrease of €74.7 million in July 2018.

 The annual growth rate stood at -0.8%, compared with -0.6% in July 2018. The outstanding amount of total loans reached €45.9 billion in August 2018.