Total deposits at Euros 48.6 billion in November 2019

Total deposits in Cyprus reached Euros 48.6 billion in November 2019, while outstanding loans Euros 34.2 billion, data released by the Central Bank of Cyprus on Thursday, show.

In particular, according to the official data total deposits in November 2019 recorded a net drop of Euros 84.1 million, compared with a net decrease of Euros 158.3 million in October 2019.

The annual growth rate reached 2.2%, compared with 1.8% in October 2019.

Outstanding deposits reached Euros 48.6 billion in November 2019.

Total loans in November 2019 exhibited a net increase of Euros 34.9 million, compared with a net decrease of Euros 75.0 million in October 2019.

The annual growth rate stood at 1.3%, remaining unchanged compared with October 2019.

The outstanding amount of total loans reached Euros 34.2 billion in November 2019.

Source: Cyprus News Agency