News Economy Bank deposits increase in September

Bank deposits increase in September

Bank deposits in September have increased overall by 225.6 million euros, the Central Bank of Cyprus has said in a press statement. 
 
According to the CBC, total deposits in September 2015 exhibited a net increase of €255.6 million, compared with a net increase of €440 million in August 2015.
 
The annual growth rate stood at -0.7%, in comparison with -3.1% in August 2015. The outstanding amount of deposits reached €46.6 billion in September 2015.
 
Total loans in September 2015 exhibited a net decrease of €163.3 million, compared to a net decrease of €89.5 million in August 2015.
 
The annual growth rate stood at -2.5%, remaining unchanged as compared with August 2015. The outstanding amount of loans reached €61.2 billion in September 2015.
 
Source: CNA
 
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