At the end of 2023, households' assets in the form of financial instruments totalled €55.8 billion, of which 57% was in cash, deposits and loans, 2% in securities, 23% in shares and 18% in other financial assets.
Household debt fell to 19.7 billion euro. At the same time, the corresponding debt ratio stood at 66 per cent of gross domestic product (GDP), a significant year-on-year decline. Compared with December 2016, the household debt index fell by 50 per cent.
In turn, the assets of non-financial corporations totalled €67.6 billion at the end of December 2023, of which 17 per cent were cash and deposits, 5 per cent loans, 0.6 per cent securities, 45 per cent shares and 28 per cent other financial assets. The debt of non-financial corporations reached 39.4 bn euro. At the same time, the debt ratio was 133% of GDP, 10% lower than a year earlier. Compared to December 2016, the debt index of non-financial corporations decreased by 78%.
Insurance companies' assets in pure financial instruments decreased slightly to €5 billion, of which cash and deposits accounted for 8%, loans for 2%, securities for 29%, shares for 43% and other financial assets for 18%.
Correspondingly, the portfolios of investment institutions accumulated assets of €5.9 billion, of which 5% were in cash and deposits, 15% in loans and securities, 78% in shares and 2% in other financial assets.
Finally, according to the Central Bank of Cyprus, pension funds' investments in financial instruments totalled €4.2 billion. Of this 17 per cent in cash and deposits, 15 per cent in loans, 7 per cent in securities, 52 per cent in shares and 9 per cent in other financial assets.