Total deposits and loans in Cyprus’ banks decreased in October 2019, according to data released on Thursday by the Central Bank of Cyprus.
Total loans in October 2019 decreased by €75 million, compared with a net increase of €27.6 million in September 2019.
However, the annual growth rate increased to 1.3%, compared with -1.2% in September 2019, because the decrease of loans was much lower than the respective decrease in October last year, which reached €1.1 billion. The outstanding amount of total loans reached €34.1 billion in October 2019.
Total deposits in October 2019 recorded a net decrease of €158.3 million, compared with a net increase of €304.1 million in September 2019. The annual growth rate reached 1.8%, compared with 2.7% in September 2019.
The outstanding amount of deposits reached €48.6 billion in October 2019.
(Cyprus News Agency)