The Cypriot banking system experienced robust net growth in both lending and deposits in October 2025. Data released by the Central Bank of Cyprus (CBC) confirms that total loans recorded a net monthly increase of €336.6 million, pushing the annual growth rate to a significant 10.2%. Concurrently, total deposits grew by over €412 million during the month.
Lending Market Accelerates
The total outstanding amount of loans reached €26.8 billion in October 2025, up from €26.46 billion in September. The annual growth rate of 10.2% marks a sharp acceleration from the 7.9% growth recorded in the previous month.
Sectoral Lending Trends
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Household Borrowing: Loans extended to households increased by €61.1 million in October, signaling continued consumer demand for credit.
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Corporate Borrowing: In contrast, loans to non-financial corporations recorded a net decrease of €34.5 million, suggesting businesses are either consolidating debt or relying less on new bank financing.
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Net Loans to Residents: Overall, loans to residents of Cyprus saw a net increase of €30.4 million.
Deposits Maintain Steady Growth
Total deposits across all sectors saw a substantial net monthly increase of €412.3 million. Although this figure is lower than the €670.2 million increase seen in September, the outstanding amount of total deposits stabilized at €57.6 billion. The annual growth rate for deposits remained steady at 6.3% compared to September 2025.
Deposit Breakdown for Residents
Deposits by Cypriot residents drove the monthly growth, increasing by a total of €421.2 million.
Source: Stockwatch.com.cy