Insider Economy Deposits in Cyprus banking system at €48.5 billion in January 2020

Deposits in Cyprus banking system at €48.5 billion in January 2020

Deposits in the Cypriot banking system in January 2020 amounted to €48.5 billion whereas loans were €33.6 billion, according to data released on Thursday by the Central Bank of Cyprus.

Total deposits marked a net reduction of €311.9 million in January following a net increase of €295.8 million the previous month.

Compared with January 2019, deposits marked an increase of 2% compared with an annual increase of 1.9% in December 2019, Central Bank said.

Deposits worth of €6.52 billion were held in US dollars, with deposits in British pound amounted to €742. Deposits in Swiss Frank amounted to 47.6 million and in Japanese Yen €11.5 ml.

Deposits held by households amounted to €28.7 billion, with corporate deposits at €11 billion. Deposits held by other financial intermediaries amounted to €6.23 bl, while general government’s deposits amounted to €1 bl.

Deposits held by domestic residents amounted to €39 bl, deposits by non-EU citizens amounted to €6.67 bl while EU citizens deposits in Cyprus reached €2.8 billion, Central Bank added.

Total loans recorded a net reduction €119 million, reaching €33.6 billion, marking a reduction of 4.9% compared with January 2019.

Corporations held the lion’s share of the loans with €16.48 bl, followed by household loans with €14 billion.

(Cyprus News Agency)

Top Stories

France recalls ambassador to Ankara over Erdogan comments

  France condemned Turkish President Recep Tayyip Erdoğan’s remarks questioning the mental health of President Macron and recalled its ambassador to Ankara for consultations. The French...

130 cases today, most from private initiative-28 patients in hospital

  One hundred and thirty new Covid-19 cases were announced today, out of 4 thousand 285 tests, taking the total number of confirmed patients to...

Greece approaches four-digit covid cases, 935 today

  The second coronavirus wave is climaxing in Greece as it recorded 935 cases today, the highest number since the second wave begun gathering pace...

Erdogan says Macron needs ‘mental treatment’ over attitude to Muslims

  Turkish President Tayyip Erdogan launched yet another scathing tirade of insults on his French counterpart Emmanuel Macron, saying he needed mental treatment over his...

We are independent, Michaelides tells AG over golden passports

  We are not under anyone's custodianship, the Auditor General Odysseas Michaelides told Attorney General Yiorgos Savvides, who earlier called on his office to stay...


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...