Nicosia: Total loans in Cyprus recorded a net increase of £336.6 million, reflecting a significant annual growth rate of 10.2% in October 2025.
According to Cyprus News Agency, figures released by the Central Bank of Cyprus on Thursday highlight notable shifts in both loans and deposits for the month.
In the loans sector, household borrowing increased by £61.1 million, while loans to companies decreased by £34.5 million. This shows a mixed trend in borrowing patterns among different sectors within the Cypriot economy.
On the deposits front, the total deposits of Cypriot residents rose by £421.2 million, with household deposits specifically increasing by £158.7 million. The overall net increase in total deposits amounted to £412.3 million in October, although this was a decrease compared to the net increase of £670.2 million recorded in September 2025.
The annual growth rate of total deposits remained unchanged at 6.3% compared to September, with the outstanding amount of total deposits reaching £57.6 billion. Within Cyprus, residents’ deposits grew significantly, with household and non-financial corporation deposits rising by £158.7 million and £206.9 million respectively. Deposits from other domestic sectors saw a total increase of £55.7 million.
Meanwhile, the annual growth rate of total loans surged to 10.2% from 7.9% in September, with the outstanding amount of loans hitting £26.8 billion. Loans to Cypriot residents increased by £30.4 million, driven by a £61.1 million rise in household loans, despite a decrease of £34.5 million in loans to non-financial corporations. Loans to other domestic sectors also saw a modest increase of £3.8 million.