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CNA - Deposits in the Cyprus Banking system at €48.5 billion in January 2020




CNA-CYPRUS/Nicosia-Deposits and loans in the Cyprus baking system marked monthly reductions in January, according to data released on Thursday by the Central Bank of Cyprus.

Deposits in January 2020 amounted to €48.5 billion whereas loans were 33.6 billion.

Total deposits marked a net reduction of €311,9 million in January following a net increase of €295.8 the previous month.

Compared with January 2019, deposits marked an increase of 2% compared with an annual increase of 1.9% in December 2019, Central Bank said.

Deposits worth of €6.52 billion were held in US dollars, with deposits in British pound amounted to €742. Deposits in Swiss Frank amounted to 47.6 million and in Japanese Yen €11.5 ml.

Deposits held by households amounted to €28.7 billion, with corporate deposits at €11 billion. Deposits held by other financial intermediaries amounted to €6.23 bl, while general government’s deposits amounted to €1 bl.

Deposits held by domestic residents amounted to €39 bl, deposits by non-EU citizens amounted to €6.67 bl while EU citizens deposits in Cyprus reached €2.8 billion, Central Bank added.

Total loans recorded a net reduction 119 million, reaching €33.6 billion, marking a reduction of 4.9% compared with January 2019.

Corporations held the lion’s share of the loans with €16.48 bl, followed by household loans with €14 billion.

CNA/GS/GV/2020
ENDS, CYPRUS NEWS AGENCY
________________________________________

Cyprus News Agency, 21 Academias Avenue, 2107 Aglantzia, Nicosia
Tel. 22556000, Fax. 22556100, email:news@cna.org.cy, website: www.cna.org.cy


Agency : CNA

Date : 2020-02-28 09:13:00







 

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