ECONOMY |
Deposits Continue To Rise For Fifth Consecutive Month, Loans Mark Second Monthly Increase |
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According to data released by the Central Bank of Cyprus, deposits in the Cyprus banking system marked a net increase for the fifth consecutive month in July 2021, rising to €49.6 billion.
Similarly, loans registered a second net monthly increase, amounting to €29.7 billion with the liquidity in the system amounting to around €19 billion.
Total deposits in July 2021 recorded a net increase (excluding changes resulting from reclassifications, exchange rate and other adjustments) of €52.1 million, compared with a net increase of €432.4 million in June 2021.
The annual growth rate stood at 4.2% – compared to 4.4% in June 2021 – with the outstanding amount reaching €49.6 billion in July 2021.
What is more, total loans in July 2021 recorded a net increase of €107.4 million, following a net increase of €244.2 million in June 2021.
The annual growth rate stood at 1.5%, compared with 1.3% in June 2021, while the outstanding amount reached €29.7 billion in July 2021.
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