Cyprus recorded a significant increase in total deposits in June 2025, according to data released by the Central Bank of Cyprus. The net rise reached €654.7 million—an impressive jump compared to the modest €20.8 million increase reported in May 2025. This marks a notable acceleration in deposit activity across the country’s banking system.
The data, included in the Central Bank’s July 2025 Monetary and Financial Statistics publication, also show that the annual growth rate of total deposits climbed to 7.1%, up from 5.8% in the previous month. By the end of June 2025, the total deposit balance stood at €56.6 billion.
Breaking down the figures further, deposits by Cyprus residents contributed €652.7 million to the overall increase. Within this category, household deposits rose by €39.6 million, while non-financial corporations added €465.3 million. Other domestic sectors accounted for an additional €147.8 million in new deposits.
Parallel to this upward trend in deposits, the loan market also saw a significant rise. Total loans recorded a net increase of €672.3 million in June 2025, a substantial gain compared to the €116.8 million increase observed in May. The annual growth rate in total loans reached 6.8%, rising from 5.1% in the previous month, bringing the overall loan balance to €26.3 billion.
Loans to Cyprus residents followed the same trajectory, increasing by €471.1 million. Of this amount, €110.1 million were new loans to households and €216.9 million to non-financial corporations. Other domestic sectors received €144.1 million in new credit.
These figures reflect growing confidence in the domestic financial environment and an expanding appetite for both savings and borrowing among residents and businesses.
Source: Stockwatch.com.cy