Russian deposits leaving, Cypriot ones coming back

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Russian deposits leaving, Cypriot ones coming back
 © In-Cyprus 2019
The drop in Russian funds in Cypriot banks continues month after month but at the same time Cypriots seem to systematically deposit even a small amount, according to Central Bank of Cyprus recent data.

The state of play of the banking sector in Cyprus indicates that, firstly, depositors’ anxious insecurity after the shocking 2013 haircut is over. And cash is returning to the banks along with the ability of households and businesses to save a little. This ability has improved remarkably since 2016.

Secondly, the reduced presence of Russian depositors in Cypriot banks...


This article was automatically added to our system 2-7-2019

Russian deposits leaving, Cypriot ones coming back


The contents of this article including any associated images are © In-Cyprus 2019
Views & opinions expressed in this article are those of the author and/or In-Cyprus .

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Article Tags: russian, deposits, leaving, cypriot, coming,