The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of March 2022, which are included in the April 2022 edition of Monetary and Financial Statistics.
Total deposits in March 2022 recorded a net decrease1 of €1,1 billion, compared with a net increase of €278,0 million in February 2022. The annual growth rate stood at 3,8%, compared with 6,6% in February 2022. The outstanding amount of deposits reached €50,5 billion in March 2022.
Total loans in March 2022 recorded a net decrease of €6,8 million, compared with a net increase of €45,0 million in February 2022. The annual growth rate stood at 2,3%, compared with 2,2% in February 2022. The outstanding amount of total loans reached €27,9 billion in March 2022.
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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