The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of August 2023, which are included in the September 2023 edition of Monetary and Financial Statistics.
Total deposits in August 2023 recorded a net decrease1 of €175,5 million, compared with a net decrease of €301,1 million in July 2023. The annual growth rate stood at 1,7%, compared with 2,4% in July 2023. The outstanding amount of deposits reached €51,8 billion in August 2023.
Total loans in August 2023 recorded a net increase of €8,5 million, compared with a net decrease of €100,3 million in July 2023. The annual growth rate stood at -0,6%, compared with -1,0% in July 2023. The outstanding amount of total loans reached €25,0 billion in August 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.