Deposits rise to €49.6bn as loans rise to €55bn, central bank says

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Deposits rise to €49.6bn as loans rise to...
 © BusinessMail 2020
By Stelios Orphanides

Deposits in the Cypriot banking system rose by €332.1m monthly in March to €49.6bn, the highest since July 2013, as loans rose by €132.8m to €55bn, the Central Bank of Cyprus said.

The amount deposited at banks in Cyprus rose an annual 7.1 per cent in March while loans fell 5.1 per cent, the central bank said in a statement on its website on Friday. The shortfall of deposits against loans fell to €5.5bn last month from €5.9bn the month before.

The increase in deposits in March was mainly on a €227.1m inflow to accounts...


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This article was automatically added to our system 28-4-2017

Deposits rise to €49.6bn as loans rise to €55bn, central bank says


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Article Tags: deposits, loans, central,