Deposits increase by Euros 174,9 million in February

Total deposits in February 2017 recorded a net increase of Euros 174,9 million, compared with a net increase of Euros 148,8 million in January 2017, according to data released on Monday by the Central Bank of Cyprus.

The annual growth rate stood at 6,2%, compared with 6,0% in January 2017.

The outstanding amount of deposits reached Euros 49,3 billion in February 2017, compared with Euros 49 billion in January 2017 and Euros 46,2 billion in February 2016.

Total loans in February 2017 exhibited a net increase of Euros 139,1 million, compared with a net decrease of Euros 86,4 million in January 2017. The annual growth rate stood at -6,3%, compared with -6,6% in January 2017.

?he outstanding amount of loans reached Euros 55,2 billion in February 2017, compared with Euros 54,9 billion in January 2017 and Euros 59,2 billion in February 2016.

Source: Cyprus News Agency