Total deposits in Cyprus' banking system recorded a net decline of €123.1 million in April 2026, reversing the net increase of €426.8 million registered in March, according to the latest Monetary Financial Institutions (MFIs) statistics released by the Central Bank of Cyprus.
The figures show that the annual growth rate of total deposits slowed to 4.5% from 5.6% a month earlier, while the outstanding stock of deposits stood at €57.6 billion at the end of April.
Despite the overall decline, deposits by Cyprus residents increased by €30.1 million. Household deposits rose by €122.6 million, while deposits held by non-financial corporations increased by €63 million. However, these gains were offset by a €155.5 million decrease in deposits held by other domestic sectors, resulting in the overall contraction in deposits.
Meanwhile, lending activity remained positive but expanded at a significantly slower pace compared with March. Total loans recorded a net increase of €40.5 million in April, down sharply from the €528.1 million increase recorded the previous month.
The annual growth rate of total loans eased to 12.0% from 12.6% in March, while the outstanding balance of loans reached €27.8 billion.
Loans to Cyprus residents increased by €76.1 million during the month. Lending to non-financial corporations continued to drive credit growth, rising by €71.7 million. In contrast, loans to households declined by €12.1 million. Loans to other domestic sectors increased by €16.6 million.
(Source: CNA)
