The Central Bank of Cyprus has released fresh data on loans and deposits for April 2025.
According to the country's main financial authority, Cyprus’s banking system saw a significant increase in both new loan issuance and deposit volume.
Deposits
The total amount of money held in deposit accounts at Cypriot banks increased by €492.9 million in April 2025, compared to a net decrease of €66.3 million in March. The annual growth rate of deposits rose to 7.6%, up from 7.1% in the previous month.
By the end of April, the total deposit balance stood at €56.1 billion.
A more detailed breakdown shows that deposits by Cypriot residents rose by €410.5 million.
- Deposits from non-financial corporations increased by €173.1 million.
- Deposits from households rose by €172.2 million.
Loans
In terms of total loan volume, an increase of €169.1 million was recorded in April, following a net growth of €429.9 million in March 2025.
The annual growth rate of total loans reached 4.9%, up from 3.1% in the previous month.
By the end of April, the total outstanding loan volume was €25.6 billion.
The growth was primarily driven by an increase in loans to Cypriot residents.
- The total volume of household loans rose by €27.7 million.
- Loans to non-financial corporations decreased by €12.8 million.
- Other domestic sectors saw a decline of €1.9 million in total loan volume.
It’s worth noting that between January 2021 and April 2025, the largest outflow of funds from Cypriot banks occurred in March 2022 (−€1.071 billion), while the highest inflow was recorded in December 2022 (+€586.3 million).