Total deposits and total loans recorded a monthly increase in April, according to the Central Bank of Cyprus which published on Friday the Monetary Financial Institutions (MFIs) Deposits and Loans Statistics for the reference month of April 2022, which are included in the May 2022 edition of Monetary and Financial Statistics.
In a press release the CBC says that total deposits in April 2022 recorded a net increase of €146.5 million, compared with a net decrease of €1.1 billion in March 2022. The annual growth rate stood at 2.9%, compared with 3.8% in March 2022. The outstanding amount of deposits reached €51.0 billion in April 2022.
Total loans in April 2022 recorded a net increase of €64.5 million, compared with a net decrease of €6.8 million in March 2022. The annual growth rate stood at 2.7%, compared with 2.3% in March 2022. The outstanding amount of total loans reached €28.0 billion in April 2022.
The CBC notes that the term “net decrease/increase” represents the term “transactions”, i.e. it does not include the changes resulting from reclassifications, exchange rate and other adjustments.
Source: Cyprus News Agency