bank deposits — Bank deposits in Cyprus have climbed to €57.9 billion as of November 2025, according to the latest report from the Central Bank of Cyprus (CBC). This increase reflects a robust trend in household savings and lending, despite a noticeable slowdown in growth from October.
Bank deposits: Continued Growth in Household Savings
The CBC’s figures reveal that total deposits saw a net increase of €330.8 million during the month, albeit lower than the €412.3 million rise in October. Of this total, €258.6 million was attributed to deposits made by residents of Cyprus, underscoring the ongoing confidence of domestic savers.
Household and Corporate Contributions
Among the various contributors to deposit growth, household deposits rose significantly by €176.4 million. Additionally, non-financial corporations added €26.6 million to the total, while other domestic sectors collectively contributed an increase of €55.7 million.
Loans Experience a Slower Pace of Increase
On the lending front, total loans recorded a net increase of €71.5 million in November 2025. This figure marks a sharp decline compared to the €336.6 million increase seen in October. Notably, €50.3 million of the loan increase was associated with household borrowing, reflecting sustained demand for consumer and housing finance.
Annual Growth Rates Show Positive Trends
Despite the slowdown, the annual growth rate for total deposits rose to 6.7% in November, compared to 6.3% in the previous month. Similarly, total loans experienced an annual growth rate increase from 10.2% in October to 10.5% in November.
Domestic Credit Expansion Continues
Loans to residents of Cyprus increased by €58.4 million during November, indicating a continued expansion in domestic credit. While household loans accounted for a significant portion of this increase, loans to non-financial corporations saw a slight decline of €0.7 million.
