Household debt at Euros 22 bn in Q1, cash and deposits at Euros 29.02 bn

The total debt of households and non-profit institutions stood at Euros 22.0 billion in the first quarter of 2017, remaining at the same level as in the previous quarter, according to quarterly financial accounts published on Monday by the Central Bank of Cyprus.

Households had at the end of March 2017 cash and deposits of Euros 29.02 billion, compared with Euros 29.43 billion at the end of December 2016.

Corporate loans amounted to Euros 40.70 billion at the end of the first quarter of 2017, showing an increase of Euros 456 million from the end of December 2016.

Cash and deposits rose to Euros 8.73 billion, from Euros 8.49 billion at the end of the previous quarter.

Company assets amounted to Euros 57.69 billion at the end of March 2017 and liabilities to Euros 94.88 billion.

Insurance companies had assets of Euros 3.73 billion and liabilities of Euros 4.30 billion, while the assets of pension funds amounted to Euros 2.76 billion and their liabilities to Euros 3.11 billion.

The assets of investment funds amounted to Euros 2.54 billion and their liabilities to Euros 2.70 billion.

Source: Cyprus News Agency