The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of January 2023, which are included in the February 2023 edition of Monetary and Financial Statistics.
Total deposits in January 2023 recorded a net decrease1 of €583,8 million, compared with a net increase of €586,3 million in December 2022. The annual growth rate stood at -0,1%, compared with 0,4% in December 2022. The outstanding amount of deposits reached €51,5 billion in January 2023.
Total loans in January 2023 recorded a net decrease of €93,2 million, compared with a net increase of €92,1 million in December 2022. The annual growth rate stood at -0,9%, compared with -0,2% in December 2022. The outstanding amount of total loans reached €26,0 billion in January 2023.
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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.