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 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.