Deposits in monetary credit institutions recorded an increase of 1.7% on an annual basis, data released by the Central Bank of Cyprus, on Monday, show. At the same time loans recorded an annual rate of change of -2.1%.
In particular, according to a Central Bank press release, total deposits in May 2019 recorded a net increase of €688.3 million compared to a net increase of €236.9 in April 2019.
The annual rate of change came to 1.7%, compared to 0.6% in April 2019, the press release adds.
Deposits in May 2019 came to €48.4 billion.
According to the Central Bank’s data, total loans in May recorded a net increase of €37.8 million, compared with a net drop of €206.4 million in April 2018.
It is noted that the annual rate of change reached -2.1%, compared to -2.3% in April 2018.
Outstanding loans in May 2019 came to €38 billion.
(Cyprus News Agency)