On Thursday 27th March the Central Bank of Cyprus released fresh data on loans and deposits for February 2025.
According to the country's main financial institution, the island nation's banking system saw an increase in new deposits and loans.
Deposits
Total cash in deposit accounts with banks in Cyprus increased by €498.3 million in February 2025, compared with a net decrease of €211.3 million in January 2025. The annual growth rate was 7.7%, compared with 6.9 per cent in the previous month. The stock of deposits at the end of February 2025 reached 56.2 billion euro.
Looking at the details, deposits of Cypriot residents increased by €535.9 million. Deposits of non-financial corporations decreased by €186.2 million, while those of households increased by €237.6 million. Deposits of the other domestic sectors increased by a total of €484.5 million.
Loans
Total loans increased by 42.7 million euro, compared with a net decrease of 45.6 million euro in January 2025. The annual rate of change in total loans was 1.9%, compared with 3.2% in the previous month. The total stock of loans amounted to 25.4 bn euro at the end of February 2025.
It is worth noting that between January 2021 and February 2025 the maximum outflow of funds from Cypriot banks occurred in March 2022 (€1.071 bn), while the highest inflow occurred in December 2022 (+€586.3 mn).
In February 2025, loans to Cypriot residents decrease by €4.9 million. Loans to households decreased by €8.8 million, while loans to non-financial corporations increased by €38.3 million. Loans to the rest of the economy increased by 42.2 million euro.