The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of July 2018, which are included in the August 2018 edition of Monetary and Financial Statistics.
Total deposits in July 2018 recorded a net increase of €796,4 million, compared with a net decrease of €745,2 million in June 2018. The above increase of deposits is mainly explained by the deposit of an amount of €0,8 billion by the Cyprus Government, with the Cyprus Cooperative Bank in July 2018. The annual growth rate reached 4,5%, compared with 3,9% in June 2018. The outstanding amount of deposits reached €50,9 billion in July 2018.
Total loans in July 2018 exhibited a net decrease of €74,7 million, compared with a net increase of €305,2 million in June 2018. The annual growth rate stood at -0,6%, compared with -1,1% in June 2018. The outstanding amount of total loans reached €46,2 billion in July 2018.