Deposits in the Cypriot banking system registered a net increase for a second consecutive month in May amounting close to €49 billion.
According to data released by the Central Bank of Cyprus, loans declined for a second month in a row in May amounting to 31.3 billion while liquidity in the system stood at €17.4 billion.
Total deposits in May recorded a net (not including changes resulting from reclassifications, exchange rate and other adjustments) increase of €330.1 million, compared with a net increase of €233.1 million in April 2021. The annual growth rate stood at 3.1%, compared with 2.3% in April 2021, the CBC said, adding the total outstanding amount of deposits reached €48.7 billion in May 2021.
Total loans in May 2021 recorded a net decrease of €24.3 million, compared with a net decrease of €76.2 million in April 2021.
Source: Cyprus News Agency