In December, total deposits in the banking system showed a net monthly increase of \u20ac346 million, reaching \u20ac52.2 billion.At the same time, according to data from the Central Bank of Cyprus (CBC), total loans in the last month of the year presented a net increase of \u20ac284.2 million (excluding changes resulting from rearrangements, exchange rate variations, and other adjustments), with the overall balance reaching \u20ac24.8 billion. Thus, system liquidity (the difference between deposits and loans) was set at \u20ac27.4 billion.According to the CBC, total deposits in December 2023 recorded a net increase of \u20ac346.0 million compared to a net increase of \u20ac91.7 million in November 2023, with the annual rate of change reaching 0.4%, compared to 0.9% in November 2023. The balance of total deposits in December 2023 reached \u20ac52.2 billion.Deposits from residents of Cyprus increased by \u20ac388.0 million. Household deposits increased by \u20ac461.0 million, while deposits from domestic non-financial corporations recorded a decrease of \u20ac252.0 million.Deposits from other domestic sectors (such as investment organizations, other intermediate financial organizations, subsidiaries of financial organizations, insurance companies, pension funds, and the general government) showed a total increase of \u20ac179.0 million.Simultaneously, total loans in December 2023 recorded a net increase of \u20ac284.2 million compared to a net increase of \u20ac15.0 million in November 2023, with the annual rate of change reaching 0.7%, compared to -0.2% the previous month.The balance of total loans in December 2023 reached \u20ac24.8 billion.According to the CBC, loans to residents of Cyprus increased by \u20ac132.9 million.In detail, loans to households increased by \u20ac99.0 million, while loans to non-financial corporations recorded an increase of \u20ac54.5 million.In contrast, loans to other domestic sectors showed a total decrease of \u20ac20.6 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
In December, total deposits in the banking system increased by \u20ac346 million, reaching \u20ac52.2 billion. Total loans also increased by \u20ac284.2 million, reaching \u20ac24.8 billion. The system liquidity, which is the difference between deposits and loans, was set at \u20ac27.4 billion. Deposits from residents of Cyprus increased by \u20ac388 million, with household deposits increasing by \u20ac461 million. Deposits from domestic non-financial corporations decreased by \u20ac252 million. Deposits from other domestic sectors increased by \u20ac179 million. Loans to residents of Cyprus increased by \u20ac132.9 million, with loans to households increasing by \u20ac99 million and loans to non-financial corporations increasing by \u20ac54.5 million. Loans to other domestic sectors decreased by \u20ac20.6 million.<\/p>\n","protected":false},"author":5,"featured_media":2409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[39,611,66,33,3,612,26,569,415,114],"class_list":["post-2408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-bank-of-cyprus","tag-banks","tag-central-bank-of-cyprus","tag-companies","tag-cyprus","tag-deposits","tag-economy","tag-finance","tag-government","tag-top-news"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n