Cyprus’ banking sector saw a notable increase in liquidity, reaching \u20ac28.7 billion in August 2024, as reported by the Central Bank of Cyprus (CBC). This growth was driven by rising deposits and a decrease in loans, reflecting a robust financial position.<\/p>\n
According to CBC data, total deposits surged by \u20ac288.5 million in August, surpassing the \u20ac164.7 million rise observed in July. This brought the total deposit balance to \u20ac53.6 billion, with an annual growth rate of 3.8%, up from 2.9% in the previous month.<\/p>\n
The increase in deposits was primarily fueled by savings from Cypriot residents, who contributed \u20ac194.2 million. Of this amount, households accounted for \u20ac34.6 million, while non-financial corporations added \u20ac46.8 million. Other domestic sectors, including various financial entities, saw a total rise of \u20ac112.8 million.<\/p>\n
On the other hand, the total amount of loans decreased by \u20ac74.9 million in August, marking a significant decline from the modest \u20ac7.2 million drop in July. Compared to August 2023, the annual growth rate for loans fell to 1.7%, down from 2.0% in July, with the total loan balance standing at \u20ac24.9 billion.<\/p>\n
Loans to residents fell by \u20ac72.2 million, including a \u20ac25.8 million reduction in household loans and a \u20ac53.6 million decrease in loans to non-financial corporations. However, loans to other domestic sectors, which include government and financial entities, saw a slight increase of \u20ac7.2 million.<\/p>\n
Source: Knews<\/em><\/p>","protected":false},"excerpt":{"rendered":" Cyprus’ banking sector saw a notable increase in liquidity, reaching \u20ac28.7 billion in August 2024, as reported by the Central Bank of Cyprus (CBC). This growth was driven by rising deposits and a decrease in loans, reflecting a robust financial position. According to CBC data, total deposits surged by \u20ac288.5 million in August, surpassing the […]<\/p>","protected":false},"author":9,"featured_media":105160,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/105159"}],"collection":[{"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/comments?post=105159"}],"version-history":[{"count":1,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/105159\/revisions"}],"predecessor-version":[{"id":105161,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/105159\/revisions\/105161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/media\/105160"}],"wp:attachment":[{"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/media?parent=105159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/categories?post=105159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/he\/wp-json\/wp\/v2\/tags?post=105159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}