The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of March 2021, which are included in the April 2021 edition of Monetary and Financial Statistics.
Total deposits in March 2021 recorded a net increase of €270,2 million, compared with a net decrease of €92,4 million in February 2021. The annual growth rate stood at 1,7%, compared with 0,2% in February 2021. The outstanding amount of deposits reached €48,4 billion in March 2021.
Total loans in March 2021 recorded a net decrease of €19,9 million, compared with a net decrease of €288,0 million in February 2021. The annual growth rate stood at 1,9%, compared with 2,1% in February 2021. The outstanding amount of total loans reached €31,6 billion in March 2021.
It should be noted that the suspension of instalments, according to the new Decree for the suspension of loan instalments by the Minister of Finance, issued in January 2021, had a minor upward impact on the above changes in loans. The suspension of instalments was related to loans from MFIs to households and non-financial corporations amounting to €56,3 million.