The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of April 2019, which are included in the May 2019 edition of Monetary and Financial Statistics.
Total deposits in April 2019 recorded a net increase of €236,9 million, compared with a net decrease of €327,7 million in March 2019. However, the annual growth rate declined to 0,6%, compared with 5,1% in March 2019, because the increase of deposits was much lower than the respective increase in April last year. Total deposits had then increased by €2,4 billion, due to the deposit of an amount of €2,5 billion by the Cyprus Government with the Cyprus Cooperative Bank. The outstanding amount of total deposits reached €47,7 billion in April 2019.
Total loans in April 2019 exhibited a net decrease of €206,4 million, compared with a net increase of €63,2 million in March 2018. The annual growth rate stood at -2,3%, compared with -2,0% in March 2018. The outstanding amount of total loans reached €38,0 billion in April 2019.