Investment funds assets drop by 2%

The total assets of the Cyprus investment funds (CIFs) have decreased by 2% to EUR 2.908 bln in September, compared with EUR 2.963 bln in June, according to the investment funds quarterly statistics released by the Central Bank of Cyprus.

This is due to the decrease of the number of reporting entities, following the revocation of their license, the report said

A total of 78 CIFs submitted data at the end of June and 67 at the end of September. According to Central Bank figures, the total deposits of the 67 CIFs amounted at the end of the third quarter to EUR 216.1 mln and their loans amounted to EUR 28.9 mln.

Moreover, the data for reference months March and June have been revised.