The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of January 2025, which are included in the February 2025 edition of Monetary and Financial Statistics.
Total deposits in January 2025 recorded a net decrease1 of €211,3 million, compared with a net increase of €977,4 million in December 2024. The annual growth rate of total deposits stood at 6,9%, compared with 6,6% in December 2024. The outstanding amount of total deposits reached €55,7 billion in January 2025.
Deposits of Cyprus residents exhibited a decrease of €81,2 million. More analytically, households’ deposits increased by €111,1 million, while deposits of non-financial corporations recorded a decrease of €57,1 million. Deposits of the remaining domestic sectors2 exhibited a total decrease of €135,2 million.
Total loans in January 2025 recorded a net decrease of €45,6 million, compared with a net increase of €503,2 million in December 2024. The annual growth rate of total loans stood at 3,2%, compared with 2,8% in December 2024. The outstanding amount of total loans reached €25,4 billion in January 2025.
Loans to Cyprus residents exhibited an increase of €52,6 million. More analytically, loans to households decreased by €10,2 million, while loans to non-financial corporations recorded an increase of €64,4 million. Loans to the remaining domestic sectors2 exhibited a total decrease of €1,6 million.
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1) Τhe term "net decrease/increase" represents the term "transactions", i.e. it does not include the changes resulting from reclassifications, exchange rate and other adjustments
2) The remaining domestic sectors include investment funds, other financial intermediaries, financial auxiliaries, captive financial institutions and money lenders, insurance corporations and pension funds and general government