The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of March 2023, which are included in the April 2023 edition of Monetary and Financial Statistics.
Total deposits in March 2023 recorded a net increase1 of €59,8 million, compared with a net increase of €357,1 million in February 2023. The annual growth rate stood at 2,6%, compared with 0,3% in February 2023. The outstanding amount of deposits reached €51,9 billion in March 2023.
Total loans in March 2023 recorded a net increase of €41,9 million, compared with a net increase of €81,2 million in February 2023. The annual growth rate stood at -0,5%, compared with -0,7% in February 2023. The outstanding amount of total loans reached €25,1 billion in March 2023.
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.