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Deposits jump by €3.3 billion, loans down by €1.9 billion in 2021

28/01/2022 15:51

Deposits in Cyprus banking system in end-2021 amounted to €51,52 billion recording an increase of €3.31 billion compared with December 2020, according to data released by the Central Bank of Cyprus (CBC).

Total loans in the end of December 2021 amounted to €29.9 billion down by €.87 billion, reflecting the continued deleveraging in the banks’ loan portfolios.
 
Liquidity in the banking system in end-2021 amounted to €21.6 billion.
 
According to the CBC, total deposits in December 2021 recorded a net increase, that is excluding changes resulting from reclassifications, exchange rate and other adjustments of €331.2 million, following a net increase of €480.8 million in November 2021.
 
The annual growth rate in December 2021 stood at 5.7%, compared with 5.8% in November 2021.
 
Total loans in December 2021 recorded a net increase of €386 million, compared with a net decrease of €3.9 million in November 2021.
 
The annual growth rate stood at 0.8%, compared with 1.4% in November 2021, the CBC added.