Insider Economy Deposits rise to the highest level in 10 months, loans fall to...

Deposits rise to the highest level in 10 months, loans fall to a new low in July 2019

Deposits in Cyprus Banks rose in July 2019 to the highest level of the last 10 months, while overall loans fell to a new low, according to data released by the Central Bank of Cyprus on Wednesday.

Total deposits in July 2019 recorded a net increase of €201.9 million, compared with a net increase of €46 million in June 2019. The annual growth rate reached 2.1%, compared with 3.3% in June 2019.

The outstanding amount of deposits reached €48.5 billion in July 2019.

Total loans in July 2019 exhibited a net decrease of €3.9 million, compared with a net increase of €128.9 million in June 2019. The annual growth rate stood at -2.2%, compared with -2.3% in June 2019.

The outstanding amount of total loans reached €34.1 billion in July 2019.

(Cyprus News Agency)

Top Stories

Coronavirus: 109 new cases, two deaths on Tuesday

The Health Ministry on Tuesday announced the death of two people in Cyprus due to Covid-19. This raises the Mediterranean island’s death toll from the...

Health Minister to announce process of covid measures relaxation on Wednesday

Health Minister Constantinos Ioannou on Wednesday will announce the way the strict coronavirus measures now in effect in Cyprus will be gradually relaxed after...

Scientists in Greece find 20 million year-old petrified tree

Greek scientists on the volcanic island of Lesbos say they have found a rare fossilized tree whose branches and roots are still intact after...

Turkey bans parties at ski resorts after Covid curfew backlash

Turkey has banned music and parties at ski resorts after footage of crowded party scenes provoked anger in a country which has endured two months...

EMGF Agreement set to be ratified on Thursday

The House Foreign Affairs Committee on Tuesday decided to speed up the ratification of the Intergovernmental Agreement on the Statute of the East Mediterranean...

Taste

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...

Mezedes

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...