The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of March 2018, which are included in the April 2018 edition of Monetary and Financial Statistics.
Total deposits in March 2018 recorded a net decrease of €642,9 million, compared with a net decrease of €29,2 million in February 2018. The annual growth rate stood at -0,8%, compared with 1,2% in February 2018. The outstanding amount of deposits reached €48,0 billion in March 2018.
Total loans in March 2018 exhibited a net decrease of €156,0 million, compared with a net increase of €41,2 million in February 2018. The outstanding amount of total loans decreased by €2,5 billion in March 2018 and reached €48,7 billion. The difference between the net decrease and the decrease of the outstanding amount of total loans is attributed to reclassification, revaluation, exchange rate or other adjustments. The annual growth rate stood at -2,0%, compared with -1,7% in February 2018.