The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of February 2021, which are included in the March 2021 edition of Monetary and Financial Statistics.
Total deposits in February 2021 recorded a net decrease of €92,4 million, compared with a net decrease of €349,3 million in January 2021. The annual growth rate stood at 0,2%, remaining unchanged compared with January 2021. The outstanding amount of deposits reached €47,9 billion in February 2021.
Total loans in February 2021 recorded a net decrease of €288,0 million, compared with a net increase of €2,8 million in January 2021. The annual growth rate stood at 2,1%, compared with 3,1% in January 2021. The outstanding amount of total loans reached €31,5 billion in February 2021.
It should be noted that the suspension of instalments, according to the new Decree for the suspension of loan instalments by the Minister of Finance, issued in January 2021, had a minor upward impact on the above changes in loans. The suspension of instalments was related to loans from MFIs to households and non-financial corporations amounting to €55,2 million.