Total deposits increase by Euros 335 million in October

Total deposits in October 2017 recorded a net increase of Euros 335.1 million, compared with a net decrease of Euros 164.9 million in September 2017, according to data released on Monday by the Central Bank of Cyprus for the Monetary Financial Institutions.

The annual growth rate stood at 3.4%, compared with 3.6% in September 2017. The outstanding amount of deposits reached Euros 49.5 billion in October 2017.

Total loans in October 2017 exhibited a net decrease of Euros 110 million, compared with a net decrease of Euros 134.6 million in September 2017.

The annual growth rate stood at -1.7%, compared with -1.8% in September 2017. ?he outstanding amount of loans reached Euros 52.5 billion in October 2017.

Source: Cyprus News Agency