cyprus bank — Bank deposits in Cyprus climbed to €58.7 billion in June, highlighting a robust month for both deposits and lending as reported by the Central Bank of Cyprus (CBC).
- cyprus bank — Bank deposits in Cyprus climbed to €58.7 billion in June, highlighting a robust month for both deposits and lending as reported by the Central Bank of Cyprus (CBC).
In June 2026, total deposits saw a significant net increase of €601.2 million, a notable rise compared to the €343.8 million recorded in May. This growth reflects a continuing trend in household and business banking activities across the island.
Cyprus bank: Monthly Increases Signal Economic Activity
Despite the positive monthly inflow, the annual growth rate for total deposits saw a slight dip to 5.0 per cent in June, down from 5.1 per cent in May. The increase in deposits held by Cyprus residents was particularly strong, with a total rise of €626.2 million during the month.
Household and Corporate Contributions
Among the resident depositors, households contributed an increase of €49.7 million, while non-financial corporations saw even greater growth, with deposits rising by €480.3 million. Additionally, other domestic sectors collectively added €96.2 million to the overall increase.
Loans Also on the Rise
In tandem with the growth in deposits, total loans in Cyprus recorded a net increase of €499.4 million in June, outpacing the €260.3 million rise noted in May. However, the annual growth rate for total lending slowed to 11.6 per cent, down from 12.6 per cent in the previous month.
The outstanding balance of total loans reached €28.6 billion by the end of June. Loans granted to Cyprus residents increased by €213.7 million during this period, with household lending rising by €131.4 million and loans to non-financial corporations increasing by €90.1 million. However, loans to other domestic sectors experienced a decline, dropping by a total of €7.8 million.
