The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of August 2021, which are included in the September 2021 edition of Monetary and Financial Statistics.
Total deposits in August 2021 recorded a net increase1 of €495,6 million, compared with a net increase of €52,1 million in July 2021. The annual growth rate stood at 4,5%, compared with 4,2% in July 2021. The outstanding amount of deposits reached €50,1 billion in August 2021.
Total loans in August 2021 recorded a net decrease of €117,9 million, compared with a net increase of €107,4 million in July 2021. The annual growth rate stood at 1,3%, compared with 1,5% in July 2021. The outstanding amount of total loans reached €29,6 billion in August 2021.
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.