Bank­ing sys­tem de­posits up € 145 mln in April

Financial Mirror (Cyprus) - - FRONT PAGE -

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.

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