Total deposits in the Cypriot banking system in February marked a net reduction of €117 million, while loans rose by a net €8 billion, according to data released today by the Central Bank of Cyprus.
The outstanding amount of deposits in February reached €48.4 billion with total loans amounting to €33.6 billion, leading to total liquidity of around €15 billion.
According to the CBC, total deposits in February 2020 recorded a net decrease of €117.2 million, compared with a net decrease of €311,9 million in January 2020.
The annual growth rate reached 1,5%, compared with 2,0% in January 2020. The outstanding amount of deposits reached €48,4 billion in February 2020, it said.
Total loans in February 2020 exhibited a net increase of €8.0 million, compared with a net decrease of €119.2 million in January 2020. The annual growth rate stood at -4,9%, remaining unchanged compared with January 2020.
The outstanding amount of total loans reached €33,6 billion in February 2020, the CBC added.