Rise in deposits, decrease in loans in February 2022

What is the annual rate of change compared to January 2022.

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Deposits in the Cypriot banking system amounted to 51,5 billion at the end of February 2022, showing an increase of € 3,65 billion compared to February 2021.

According to the data of the Central Bank of Cyprus (CBC), the balance of loans at the end of December 2021 amounted to € 28,5 billion, recording a decrease of € 3,01 billion.

According to the CBC, total deposits in February 2022 recorded a net increase of € 278 million, compared to a net decrease of € 341,8 million in January 2022.

The annual rate of change reached 6,6%, compared to 5,8% in January 2022.

Total loans in February 2022 recorded a net increase of € 45 million, compared to a net increase of € 107,1 million in January 2022.

The annual rate of change reached 2,2%, compared to 1,1% in January 2022, according to the CBC, while the balance of total loans in February 2022 reached € 28,5 billion.

KYPE