Deposits outflow outstrips deleveraging in June, central bank says

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Deposits outflow outstrips deleveraging in...
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The Central Bank of Cyprus said overall deposits dropped by €432.9m in a month in June, to €48.5bn, as total loans also dropped €43.4m, to €54.3bn.

Compared to June 2016, total deposits rose 4.2 per cent last month while loans declined 0.7 per cent, the Central Bank of Cyprus said in a statement on its website.

The reduction in deposits in June was mainly on a €421.3m outflow from accounts held by other financial intermediaries with their balance falling to €5.7bn, accompanied by a €100m drop in deposits in accounts held by the general government....


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Deposits outflow outstrips deleveraging in June, central bank says


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Article Tags: deposits, outflow, outstrips, deleveraging, central,