At the end of the third quarter of 2023, the debt of non-financial corporations and households in Cyprus rose to €40.2 billion and €19.9 billion, respectively.
This was announced by the Central Bank of Cyprus on Wednesday, January 31.
At the same time, compared to December 2016, the debt ratio of non-financial corporations decreased significantly to 73% and that of households to 48%.
Corresponding assets of non-financial corporations amounted to €66.5 billion at the end of September, of which 19% were cash and deposits, 4% loans, 0.5% securities, 45.5% shares, and 31% other financial assets.
Household assets at the end of September 2023 amounted to €57 billion, of which 57% were in cash, deposits, and loans, 2% in securities, 22% in equities, and 19% in other financial assets.
Finally, insurance companies' assets amounted to €4.8 billion, of which 8% were in cash and deposits, 3% in loans, 28% in securities, 43% in equities and 18% in other financial assets.
Accordingly, investment institutions' portfolios accumulated assets worth €6 billion, of which 5% were in cash and deposits, 16% in loans and securities, 76% in equities and 3% in other financial assets. Finally, according to the Central Bank of Cyprus, investments in financial instruments of pension funds amounted to €4.1 billion in the third quarter of 2023. Of these: 18% was in cash and deposits, 15% in loans, 7% in securities, 50% in shares, and 10% in other financial assets.