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Deposits at €52b, loans at €25b in March

09:06 - 03 May 2023

Economy

Total deposits reached €51.9 billion in March 2023, while total loans stood at €25.1 billion, according to the Central Bank of Cyprus’ April 2023 edition of Monetary and Financial Statistics.

Total deposits in March recorded a net increase of €59.8m, compared with a net increase of €357.1m in February. The annual growth rate stood at 2.6%, compared with 0.3% in February. The outstanding amount of deposits reached €51.9b in March.

Total loans in March recorded a net increase of €41.9m, compared with a net increase of €81.2m in February. The annual growth rate stood at -0.5%, compared with -0.7% in February. The outstanding amount of total loans reached €25.1b in March 2023.

The CBC notes that the term "net decrease/increase" represents the transactions and it does not include the changes resulting from reclassifications, exchange rate and other adjustments.

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