Corporate and household debt at 165% and 92% of GDP in Q1 2020, Central Bank says

Debt of corporations in Cyprus amounted to 165% of the island GDP in the end of the first quarter while household debt amounted to 92% of GDP, the Central Bank of Cyprus has said.
According to quarterly financial accounts for Q1 2020 released by the CBC, household financial assets amounted to €48.3 billion, of which 61% in cash deposits and loans, 2% in bonds, 21% in shares and 15% in other financial assets.


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from Cyprus News Agency
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