Cyprus deposits down, loans rise in April

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Cyprus deposits down, loans rise in April
 © In-Cyprus 2020
 

Deposits were down while loans were up in April 2020 according to data the Central Bank of Cyprus published on Friday.

In particular, according to a Central Bank press release total deposits in April this year recorded a net drop of  €37.1 million compared to a net drop of €452.4 million the previous month. The outstanding amount of deposits in April 2020 reached €48.0 billion.

The annual rate of change reached 0.7% compared to 1.2% this March.

According to the Central Bank`s data business deposits fell in April this year by  €110.7 million, to €10.59...


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This article was automatically added to our system 29-5-2020

Cyprus deposits down, loans rise in April


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Article Tags: cyprus, deposits, loans, april,