The Central Bank of Cyprus published Monetary Financial Institutions (MFIs) deposits and loans statistics for January 2025, as part of its February 2025 Monetary and Financial Statistics. Total deposits recorded a net decrease of EUR 111.3m (following a net increase of EUR 977.4m in December 2024) and total loans recorded a net decrease of EUR 45.6m (following a net increase of EUR 503.2m), with net changes defined as transactions excluding reclassifications and valuation effects. The annual growth rate of total deposits rose to 6.9% (from 6.6%), with deposits outstanding at EUR 55.7bn. Deposits of Cyprus residents decreased by EUR 81.2m, reflecting an increase in household deposits of EUR 111.1m, a decrease in deposits of domestic non-financial corporations of EUR 57.1m, and an overall decrease of EUR 135.2m in the remaining domestic sectors. The annual growth rate of total loans increased to 3.2% (from 2.8%), with loans outstanding at EUR 25.4bn; loans to Cyprus residents increased by EUR 52.6m, driven by a EUR 64.4m increase in lending to non-financial corporations, partly offset by a EUR 10.2m decrease in lending to households and a decrease in loans from the remaining domestic sectors to EUR 1.6m.
Central Bank of Cyprus 2025-02-27
Central Bank of Cyprus releases January 2025 MFI deposits and loans statistics showing net declines in both
The Central Bank of Cyprus reported a net decrease in Monetary Financial Institutions deposits by EUR 111.3m and loans by EUR 45.6m for January 2025. The annual growth rate of total deposits rose to 6.9%, with deposits outstanding at EUR 55.7bn, while the annual growth rate of total loans increased to 3.2%, with loans outstanding at EUR 25.4bn. Notably, loans to Cyprus residents increased by EUR 52.6m, driven by a rise in lending to non-financial corporations.