cyprus bank — cyprus bank — Bank deposits in Cyprus have experienced a significant decline of €851.2 million in January 2026, as reported by the Central Bank of Cyprus (CBC). This dip comes despite a rise in annual loan growth, highlighting a complex financial landscape.
Cyprus bank: Monthly Fluctuations in Deposits
The CBC’s latest statistics reveal that total deposits fell sharply compared to a net increase of €877.1 million in December 2025. The outstanding amount of total deposits reached €56.9 billion in January 2026, with an annual growth rate of 5.3 per cent, a decrease from 6.5 per cent the previous month.
Resident Deposits Take a Hit
Deposits from Cyprus residents saw a notable decline of €767.7 million over the month. In contrast, household deposits saw a modest increase of €34.2 million, indicating varied financial behaviours among different sectors. Non-financial corporations, however, faced a substantial drop, with their deposits decreasing by €469.7 million. Other domestic sectors contributed to a total drop of €332.2 million.
Loan Growth Outpaces Deposit Decline
Interestingly, while deposits fell, total loans recorded a net increase of €76.4 million in January 2026, albeit down from a remarkable net increase of €587.2 million in December 2025. The outstanding amount of total loans reached €26.9 billion, with an annual growth rate climbing to 11.2 per cent from 10.7 per cent in the prior month.
Shifts in Loan Distribution
Loans to Cyprus residents rose by €124.2 million during January. Non-financial corporations saw a slight increase in loans, with an uptick of €22.6 million, while household loans reported no change. Loans to other domestic sectors also showed a significant increase of €101.5 million.
