The Central Bank of Cyprus published the latest data on loans and deposits for May 2025.
According to the country's main financial institution, the island nation's banking system experienced growth in both new loans and deposits.
Deposits
The total amount of funds in Cypriot bank deposit accounts increased by €20.8 million in May 2025, compared to a net increase of €492.9 million in April 2025. The annual growth rate was 5.8%, down from 7.6% last month. The total deposit balance at the end of May 2025 was €56.1 billion.
In more detail, deposits of Cyprus residents increased by €24.6 million. Meanwhile, deposits from non-financial companies increased by €138 million and deposits from households increased by €164.5 million. However, deposits from other domestic sectors decreased by €278 million overall.
Loans
The total amount of loans increased by €116.8 million, compared to a net increase of €169.1 million in April 2025. The annual rate of change in total loans was 5.1%, up from 4.9% the previous month. The total loan balance at the end of May 2025 was €25.7 billion.
This growth was primarily driven by increased lending to Cyprus residents. Specifically, total loans to households increased by €15.1 million, while loans to non-financial companies decreased by €6.2 million. Total loans to other domestic sectors decreased by €6.3 million.
Notably, the maximum outflow of funds from Cypriot banks occurred in March 2022 (-€1.071 billion), while the largest inflow occurred in December 2022 (+€586.3 million), from January 2021 to May 2025.