Total deposits in June 2024 recorded a net decrease of pound 44.1 million, compared with a net increase of pound 925.7 million in May 2024, the Central Bank of Cyprus Monetary Financial Institutions (MFIs) Deposits and Loans Statistics for June says, which are included in the July 2024 edition of Monetary and Financial Statistics. It notes that total deposits in June 2024 recorded a net decrease of pound 44.1 million, compared with a net increase of pound 925.7 million in May 2024 and that 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 sectors exhibited a total decrease ?f pound 213.6 million. Total loans in June 2024 recorded a net incre ase 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. In particular, loans to households and non-financial corporations increased by pound 83.3 million and pound 115.0 million respectively. Loans to the remaining domestic sectors exhibited a total decrease of pound 21.4 million. Source: Cyprus News Agency