Banking system deposits up € 145 mln in April
Deposits in the Cyprus banking system rose by EUR 144.9 mln in April, while loans fell by 86.7 mln, continuing the deleveraging process for the fourth consecutive month.
According to figures released by the Central Bank of Cyprus, total deposits in April amounted to EUR 45.9 bln in April, whereas total loans declined to EUR 57.0 bln.
Deposits recorded a net increase of EUR 144.9 mln in April compared with a net reduction of EUR 95.6 mln in March. On an annual basis deposits rose by 2.4% in April compared with a 2.0% in March.
Deposits from Cyprus residents rose by 144.8 mln while deposits by residents of other EU member-states rose by 54.4 mln. Deposits of non EU member-states declined by EUR 54.3 mln.
Total deposits held by Cyprus residents stood at 33.6 bln in April with residents of other EU member-states amounted to EUR 2.86 bln. Deposits held by residents of non EU member states amounted to EUR 9.39 bln. Loans continue their downward trend Total loans in April recorderd a net reduction of EUR 86.7 mln registering their four monthly decline.
In March net reduction stood at EUR 613.1 mln, in February EUR 50.8 mln and in January EUR 3.05 bln.
Total loans in April amounted to EUR 57.4 bln of which EUR 46.87 bln were held by residents of Cyprus, EUR 3.40 bln by EU residents and EUR 7.15 bln by residents of non- EU member-states.
Loans held by residents of non EU member-states recorded the highest decline with 121.9 mln followed by loans held by Cyprus residents which declined by EUR 37.5 mln. Loans held other EU member states rose by EUR 72.7 mln.