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Wednesday, April 24, 2024

€ 3.3 billion increase in deposits in 2021

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€ 3.3 billion increase in deposits in 2021

Insider / ΚΥΠΕ

Deposits in the Cypriot banking system at the end of December 2021 amounted to 51.52 billion, showing an increase of € 3.31 billion compared to December 2020.

According to the data of the Central Bank of Cyprus (CBC), the balance of loans at the end of December 2021 amounted to € 29.9 billion, recording a decrease of € 1.87 billion, reflecting the continuing leverage of the banks' loan portfolios.

Liquidity in the banking system at the end of December amounted to € 21.6 billion.

According to the CBC, Total deposits in December 2021 recorded a net increase (excluding reclassifications and exchange rate adjustments) of € 331.2 million, compared to a net increase of € 480.8 million in November 2021.

The annual rate of change reached 5.7%, compared to 5.8% in November 2021.

Total loans in December 2021 recorded a net increase of € 386.0 million, compared to a net decrease of € 3.9 million in November 2021.

The annual rate of change reached 0.8%, compared to 1.4% in November 2021, according to the CBC.

Source: www.philenews.com

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