Deposits reached €52 billion and loans €28 billion in October

Total deposits reached €52 billion in October in Cyprus, while loans dropped to €28 billion, according to data published by the Central Bank of Cyprus, which are included in the November 2022 edition of Monetary and Financial Statistics. 

According to a CBC statement, total deposits in October 2022 recorded a net increase of €434.5 million, compared with a net increase of €141.8 million in September 2022. The annual growth rate stood at 0.9%, compared with 0.6% in September 2022. The outstanding amount of deposits reached €52 billion in October 2022.

At the same time, total loans in October 2022 recorded a net decrease of €171.9 million, compared with a net decrease of €110.9 million in September 2022. The annual growth rate stood at 0.9%, compared with 1.4% in September 2022. The outstanding amount of total loans reached €28 billion in October 2022.