Monetary Financial Institutions (MFIs) Deposits and Loans Statistics
Thursday, 25 July 2024
http://Central Bank of Cyprus – Monetary Financial Institutions (MFIs) Deposits and Loans Statistics
The Central Bank of Cyprus has today released the MFIs deposits and loans statistics for the reference month of June 2024, which are included in the July 2024 edition of Monetary and Financial Statistics.
Total deposits in June 2024 recorded a net decrease1 of pound 44,1 million, compared with a net increase of pound 925,7 million in May 2024. The annual growth rate of total deposits stood at 2,0%, compared with 2,8% in May 2024. The outstanding amount of total deposits reached pound 53,4 billion in June 2024.
Deposits of Cyprus residents exhibited an increase of pound 86,2 million. More analytically, deposits of households and non-financial corporations increased by pound 40,0 million and pound 259,8 million respectively. Deposits of the remaining domestic sectors2 exhibited a total decrease ?f pound 213,6 million
.
Total loans in June 2024 recorded a net increase of pound 234,6 million, compared with a net increase of pound 70,2 million in May 2024. The annual growth rate of total loans stood at 1,6%, compared with 1,2% in May 2024. The outstanding amount of total loans reached pound 25,1 billion in June 2024.
Loans to Cyprus residents exhibited an increase of pound 176,9 million. More analytically, loans to households and non-financial corporations increased by pound 83,3 million and pound 115,0 million respectively. Loans to the remaining domestic sectors2 exhibited a total decrease of pound 21,4 million.
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1) ?he term “net decrease/increase” represents the term “transactions”, i.e. it does not include the changes resulting from reclassifications, exchange rate and other adjustments.
2) The remaining domestic sectors include investment funds, other financial intermediaries, financial auxiliaries, captive financial institutions and money lenders, insurance corporations and pension funds and general gov
ernment.
Source: Cyprus News Agency