The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of August 2022, which are included in the September 2022 edition of Monetary and Financial Statistics.
Total deposits in August 2022 recorded a net increase1 of €173,7 million, compared with a net decrease of €183,9 million in July 2022. The annual growth rate stood at 0,6%, compared with 1,3% in July 2022. The outstanding amount of deposits reached €51,5 billion in August 2022.
Total loans in August 2022 recorded a net decrease of €100,0 million, compared with a net decrease of €162,7 million in July 2022. The annual growth rate stood at 2,0%, compared with 1,9% in July 2022. The outstanding amount of total loans reached €28,5 billion in August 2022.
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.