Deposits and loans increase in June

Deposits and loans in the Cyprus banking system marked a net increase in June with total deposits amounting to €47.8 billion and total loans to €32.2 billion.
 
Data published on Monday by the Central Bank of Cyprus (CBC), show that total deposits in June 2020 recorded a net increase of €106.4 million, compared with a net decrease of €30.8 million in May 2020.
 
The annual growth rate stood at -0.7%, compared with -0.8% in May 2020. The outstanding amount of deposits reached €47.8 billion in June 2020.
 
However, the CBC added that total loans in June 2020 exhibited a net increase of €264.7 million, compared with a net increase of €35.2 million in May 2020. Nevertheless, the outstanding amount of loans decreased by €568.1 million in June 2020 and reached €32.2 billion.
 
The difference between the net change and the change of the ou

(CNA)

*The full text of the news item is available in the paid version of the CNA web service. Subscription Form

*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.

from Cyprus News Agency
Read The Rest:.cna.org.cy..