The Central Bank of Cyprus published Monetary Financial Institutions deposit and loan statistics for February 2025, showing a net increase in total deposits of EUR 498.3 million to EUR 56.2 billion and a net increase in total loans of EUR 42.7 million to EUR 25.4 billion. The annual rate of change of total deposits rose to 7.7% (from 6.9% in January 2025), while the annual rate of change of total loans slowed to 1.9% (from 3.2% in January 2025). The deposit increase included deposits from receipts of former Hellenic Bank shareholders from the sale of their shares to Eurobank Bank S.A. Deposits of Cypriot residents increased by EUR 535.9 million, driven by households (EUR 237.6 million) and other domestic sectors (EUR 484.5 million), while domestic non-financial corporations recorded a decrease of EUR 186.2 million. Loans to Cypriot residents decreased by EUR 4.9 million, with declines in loans to households (EUR 8.8 million) and non-financial corporations (EUR 38.3 million) partly offset by an increase in loans to other domestic sectors (EUR 42.2 million); the net increases and decreases represent transactions and exclude reclassifications, exchange rate and other adjustments.
Central Bank of Cyprus 2025-03-27
Central Bank of Cyprus publishes February 2025 MFI statistics showing EUR 498.3 million net deposit inflow and EUR 42.7 million loan growth
The Central Bank of Cyprus reported a net increase in total deposits by EUR 498.3 million to EUR 56.2 billion and a net increase in total loans by EUR 42.7 million to EUR 25.4 billion for February 2025. The annual rate of change for deposits rose to 7.7%, while loans slowed to 1.9%. Deposit growth was influenced by former Hellenic Bank shareholders' receipts, with significant contributions from Cypriot households and other domestic sectors, despite a decrease in non-financial corporations' deposits.