Cyprus bank deposits reach €60.2 billion as lending increases

Deposits in Cyprus increased by €697. 1 million in September 2026, while total loans rose by €857. 80 million , with the Central Bank of Cyprus (CBC) reporting stronger monthly increases in both categories and an acceleration in annual loan growth . The outstanding amount of total deposits reached €60. 2 billion at the end of September, while total loans stood at €29. 6 billion , according to the CBC’s latest monetary and financial statistics, released on Tuesday. The net increase in deposits was substantially higher than the €171.

50m recorded in August, although the annual growth rate remained unchanged at 6. 5 per cent . Deposits held by Cyprus residents rose by €639. 9m during September, with households and non-financial corporations accounting for much of the increase . Household deposits increased by €93. 8m , while deposits held by non-financial corporations rose by €373m . Deposits held by other domestic sectors increased by a further €173. 1m , bringing the total increase in deposits held by Cyprus residents to €639. 9m . Meanwhile, total loans recorded a net increase of €857. 8m, compared with an increase of €114. 6m in August. The annual growth rate of total…