Economy category powered by

CBC reports €20.8 million increase in total deposits for May 2025

Total deposits in Cyprus in May 2025 recorded a net increase of €20.8 million, compared to a net increase of €492.9 million in April 2025, the Central Bank of Cyprus has revealed.

As stated, the annual rate of change in total deposits reached 5.8%, compared to 7.6% in April 2025, while the balance of total deposits in May 2025 reached €56.1 billion.

It is added that deposits of Cyprus residents increased by €24.6 million. Specifically, deposits of households and non-financial corporations increased by €164.5 million and €138.0 million respectively, while deposits of other domestic sectors recorded a total decrease of €278.0 million.

It is also stated that total loans in May 2025 recorded a net increase of €116.8 million, compared with a net increase of €169.1 million in April 2025, the annual rate of change in total loans reached 5.1%, compared to 4.9% in April 2025, while the balance of total loans in May 2025 reached €25.7 billion.

Finally, it is noted that loans to Cyprus residents increased by €2.6 million. More specifically, loans to households increased by €15.1 million, while loans to non-financial corporations recorded a decrease of €6.2 million. Loans to other domestic sectors showed an overall decrease of €6.3 million.

(Source: CNA)

Read More

Eurobank Group to build care centre and independent living residences for people with disabilities
Infocredit Group receives Partner Excellence Award from HostingB2B
Shipping’s future in focus at “Maritime Cyprus 2025”
The new Starbucks store on Stavrou Avenue has opened its doors (pics)
Christodoulides showcases over 80 projects worth over €1b for the city and province of Nicosia
Cyprus achieves deployment of country's first quantum communication network
Cyprus’ EU Presidency a unique opportunity for the country, President says
ERATOSTHENES-UAE explore collaboration in Earth Observation, Space Technologies
CBC reports €20.8 million increase in total deposits for May 2025
Lordos Hotels: Golden Bay renovation in the works - The investments made in the group's hotels