The Central Bank of Cyprus has today released the MFIs loans and deposits statistics for the reference month of April 2013, which are included in the May 2013 edition of Monetary and Financial Statistics.
The data for loans and deposits for the reference month of April 2013 reflect the provisions of the “Bailing-in of Bank of Cyprus Public Company Limited Decree of 2013”. Specifically, 37,5% of unsecured deposits were converted into equity, while a further 22,5% and 30% of unsecured deposits were temporarily blocked but remain under deposits. On the other hand, the data for loans and deposits for April 2013 do not yet reflect the provisions of the “Sale of Certain Operations of Cyprus Popular Bank Public Co Ltd Decree of 2013, which was implemented on the 19th of May. The above treatment for loans and deposits statistics was implemented in consultation with the European Central Bank.