DDeep­poos­si­ittss oou­ut­tf­fllooww ppeeaakkss aatt hhi­ig­gh­heesstt iinn 1144 mmoon­nt­thhss

Financial Mirror (Cyprus) - - FRONT PAGE -

Septem­ber saw the high­est de­posits out­flow since July 2013, as to­tal de­posits fell by by EUR 850.6 mln, ac­cord­ing to Cen­tral Bank of Cyprus (CBC) fig­ures.

The out­stand­ing amount of de­posits reached EUR 46.0 bln in Septem­ber push­ing the an­nual growth rate stood to -4.5% com­pared with -4.3% in Au­gust when de­posits de­creased by EUR 328.1 mln. In par­tic­u­lar, de­posits of do­mes­tic res­i­dents dropped in Septem­ber by EUR 384.3 mln to 32.08 bln, while de­posits of third coun­tries res­i­dents de­creased by EUR 446 mln to 11.81 bln.

De­posits of res­i­dents of other EU mem­ber states fell by EUR 20.3 mln to 2.07 bln.

House­hold de­posits recorded a de­crease of EUR 196.3 mln to 26.87 bln, while en­ter­prises de­posits rose by EUR 243.3 mln to 11.26 bln.

To­tal loans in Septem­ber showed a net de­crease of EUR 157.1 mln, com­pared with a net in­crease of 99.4 mln in Au­gust. The an­nual growth rate stood at -2.8% as com­pared with - 3.6% in Au­gust. The out­stand­ing amount of loans reached EUR 59.8 bln in Septem­ber.

Loans to do­mes­tic res­i­dents fell by EUR 73.5 mln to 49.57 bln, while loans to res­i­dents of EU mem­ber states in­creased by EUR 71.5 mln to 3.60 bln. Loans to third coun­tries res­i­dents fell by EUR 155.2 mln, to 6.59 bln. More­over, loans to house­holds in Septem­ber de­creased by EUR 163.5 mln to 24.42 bln. Con­sumer loans de­creased by EUR 10 mln to 2.91 bln, while mort­gage loans de­creased by EUR 73.7 mln to 13.59 bln.

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.