THURSDAY, 23 JAN 2020

 

CONNECT

Facebook Linked In Twitter
GAP_Group_2019_728x90px
GloriaJeans_266x90px
IMH LTD

Yiorgos Lakkortypis: Cyprus The 5th Cheapest In EU For Gasoline Despite Slight Increase

Savvas Perdios: The Aim Is to Turn Cyprus into an All Year Destination

IMH LTD
GAP_Group_2019_468x60px

ECONOMY

Total Deposits at €48.6 Billion in November 2019

Total Deposits at €48.6 Billion in November 2019

Total deposits in Cyprus reached €48.6 billion in November 2019, while outstanding loans €34.2 billion, data released by the Central Bank of Cyprus on Thursday, show.

In particular, according to the official data total deposits in November 2019 recorded a net drop of €84.1 million, compared with a net decrease of €158.3 million in October 2019, the CNA reports.

The annual growth rate reached 2.2%, compared with 1.8% in October 2019.

Outstanding deposits reached €48.6 billion in November 2019.

Total loans in November 2019 exhibited a net increase of €34.9 million, compared with a net decrease of €75.0 million in October 2019.

The annual growth rate stood at 1.3%, remaining unchanged compared with October 2019.

The outstanding amount of total loans reached €34.2 billion in November 2019.

MORE ON ECONOMY

2020 To Be Year Of ‘Slowbalisation’ For Global Economy According To PwC

Global economic growth in 2020 is expected to grow at a rate of around 3.4% in purchasing ...

CySEC Finalises The Investment-Based Crowdfunding Rules

The Cyprus Securities and Exchange Commission (“CySEC”) has issued a Policy ...

Cyprus Repays Crisis-Era IMF Loan Ahead of Schedule

Cyprus has paid off ahead of schedule an International Monetary Fund loan that was part ...

FROM AROUND GOLDNEWS

   

The Digitalization Of The Economy And Emerging Tax Challenges

Alpha Bank Cyprus Ltd presents the 3rd Cyprus International Tax Conference on Wednesday, 19 February 2020 at the Hilton Nicosia (formerly Hilton Park). ...
   

British Council Celebrates 80th Anniversary In Cyprus

The British Council has been working with Cyprus since 1940. In 2020, the organisation is marking its 80th anniversary with a series of events, celebrating ...
   

Immune Discovery 'May Treat All Cancer'

A newly-discovered part of our immune system could be harnessed to treat all cancers, say scientists. The Cardiff University team discovered a method of ...
   

Ted Baker Balance Sheet Error Worse Than Feared

The struggling fashion retailer Ted Baker has admitted that an accounting error was twice as big as initially thought, leaving it with a £58m hole in its ...
   

Mining Industry Creates New Prospects for Cyprus

Peter van der Borgh, Managing Director of Venus Minerals Ltd, a Cyprus-based mining and exploration company, analyses the important role that copper plays in ...
   

The Top 20 Seminars And Certifications For 2020

The year 2020 and most likely this entire decade won’t be defined by a singular trend, but instead by a combination of emerging technologies and skill ...
   

Vodafone Quits Facebook's Libra Currency

Vodafone has become the latest company to leave Facebook's digital currency project, Libra. The Libra Association has seen an exodus of backers including ...
   

Savvas Perdios: The Aim Is to Turn Cyprus into an All Year Destination

Cyprus Deputy Minister of Tourism Savvas Perdios briefed on Tuesday parliamentarians on Cyprus’ ten-year tourism strategy 2020-2030 which aims to an ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Primetel_25/10/2019-25/02/2020_300x250px

IMH LTD