In­vest­ment funds as­sets drop by 2%

Financial Mirror (Cyprus) - - FRONT PAGE -

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.

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