The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of May 2016, which are included in the June 2016 edition of Monetary and Financial Statistics.
Total deposits in May 2016 recorded a net increase of €377,2 million, compared with a net increase of €144,9 million in April 2016. The annual growth rate stood at 3,7%, compared with 2,4% in April 2016. The outstanding amount of deposits reached €46,5 billion in May 2016.
Total loans in May 2016 exhibited a net decrease of €2.147,4 million, as a result of loan repayments, compared with a net decrease of €114,1 million in April 2016. A substantial part of these repayments concern previous transfers of loans from non-resident MFIs and are not related to the domestic economic activity. The annual growth rate stood at -10,8%, compared with -7,3% in April 2016. The outstanding amount of loans reached €55,3 billion in May 2016.