The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of October 2024, which are included in the November 2024 edition of Monetary and Financial Statistics.
Total deposits in October 2024 recorded a net increase1 of €377,6 million, compared with a net increase of €485,7 million in September 2024. The annual growth rate of total deposits stood at 5,4%, compared with 4,5% in September 2024. The outstanding amount of total deposits reached €54,6 billion in October 2024.
Deposits of Cyprus residents exhibited an increase of €230,2 million. More analytically, deposits of households and non-financial corporations increased by €64,9 million and €115,8 million respectively. Deposits of the remaining domestic sectors2 exhibited a total increase οf €49,4 million.
Total loans in October 2024 recorded a net decrease of €213,0 million, compared with a net increase of €107,3 million in September 2024. The annual growth rate of total loans stood at 2,0%, remaining unchanged compared with September 2024. The outstanding amount of total loans reached €24,8 billion in October 2024.
Loans to Cyprus residents exhibited a decrease of €130,4 million. More analytically, loans to households increased by €9,4 million, while loans to non-financial corporations recorded a decrease of €132,2 million. Loans to the remaining domestic sectors2 exhibited a total decrease of €7,6 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