Economy category powered by

Cyprus Annual Financial Net Worth stands at -€26,622.2 mn

Cyprus' annual financial net worth is at -€26,622.2 million euro, according to CySTAT.

The statistical service's press release says that the total assets of the economy in financial instruments amounted to €686,927.8 million at the end of December 2022, of which 52.9% relates to equities and shares, 19.3% to currency and deposits, and 17% to loans.

The total liabilities of the economy in financial instruments amounted to €713,650 million at the end of December 2022, of which 51.6% relates to equities and shares, 21.8% to loans, and 14.6% to currency and deposits.

CySTAT said that the assets of households in financial instruments amounted to €55,955.6 million at the end of December 2022, of which 58.5% consists of currency and deposits, 1.9% in loans, 1.7% in debt securities, and 20.6% in equities.

The amount of loans for this sector reached 19,831.7 million, at the end of December 2022, with a debt-to-Gross Domestic Product (GDP) ratio of 71.4%.

The corresponding assets of non-financial corporations amounted to €66,336.6 million, with 18.5% in cash and deposits, 4.2% in debt securities, 46.5% in equities, and 29.6% in other financial instruments.

The amount of loans for this sector at the end of December 2022 reached €39,506.9 million, with a debt-to-GDP ratio of 142.2%.

(Source: CNA)

Read More

GOLD New Issue: The Shipping Forecast
Bank of Cyprus: Shareholders greenlight the dividend and Board members elected and re-elected
Takis Arapoglou: “2023 was a year we fully reaped the benefits of the Bank’s transformation”
Panicos Nicolaou: Strong performance for Bank of Cyprus with a distribution over six-times higher than 2023
Cyprus joins the International Propeller Club of the United States (pics)
International and local experts address the 7th Cyprus HealthCare Conference (pics)
Supporting rural areas is a primary goal for the government, President says
AstroBank: Investment opportunities in Paphos
Cyprus hosting regional Ministerial Meeting on immigration
Fokion Karavias: “All our strategic initiatives, including Hellenic Bank in Cyprus, are on track”