Liquidity in economy improves in November, central bank says

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Liquidity in economy improves in November,...
 © CyprusMail 2018
By Stelios Orphanides

Confidence is returning to the Cyprus banking system as the gap separating deposits from loans reached €2.9bn in November, its narrowest value since March 2013, the month in which the banking crisis culminated in a bail-in, official data shows.

In November, total deposits fell by €96.4m to €49.2bn compared to the month before after increasing by €335.1m in October, the Central Bank of Cyprus said.

Total loans rose in November by €32.6m in a month to €52.1bn after falling by €110m in October.

The above changes indicate an apparent reversal in the...


Liquidity in economy improves in November, central bank says


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