The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of October 2019, which are included in the November 2019 edition of Monetary and Financial Statistics.
Total deposits in October 2019 recorded a net decrease of €158,3 million, compared with a net increase of €304,1 million in September 2019. The annual growth rate reached 1,8%, compared with 2,7% in September 2019. The outstanding amount of deposits reached €48,6 billion in October 2019.
Total loans in October 2019 exhibited a net decrease of €75,0 million, compared with a net increase of €27,6 million in September 2019. However, the annual growth rate increased to 1,3%, compared with -1,2% in September 2019, because the decrease of loans was much lower than the respective decrease in October last year, which reached €1,1 billion. The outstanding amount of total loans reached €34,1 billion in October 2019.
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