The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of August 2016, which are included in the September 2016 edition of Monetary and Financial Statistics.
Total deposits in August 2016 recorded a net increase of €872,7 million, compared with a net increase of €269,0 million in July 2016. The annual growth rate stood at 6,4%, compared with 5,5% in July 2016. The outstanding amount of deposits reached €47,9 billion in August 2016.
Total loans in August 2016 exhibited a net increase of €476,2 million, compared with a net decrease of €175,8 million in July 2016. The annual growth rate stood at -10,8%, compared with -11,7% in July 2016. The outstanding amount of loans reached €54,5 billion in August 2016.