Cyprus Deposits Climb €44.3 Million in August as Loans Slip by €60.8 Million

Bank deposits in Cyprus recorded a net increase of €44.3 million in August, according to the latest deposit and loan statistics released this week by the Central Bank of Cyprus (CBC).

At the same time, the central bank confirmed that loans posted a net decline of €60.8m over the same period.

The CBC reported that “total deposits in August 2025 recorded a net increase of €44.3m, compared with a net decrease of €154.5m in July 2025.” The data showed that the annual growth rate of total deposits eased slightly, reaching 6 per cent in August, compared with 6.5 per cent the previous month.

By the end of August, the overall balance of deposits had risen to €56.5 billion. Deposits from Cyprus residents contributed significantly to the monthly rise, climbing €133.6m. Within this category, household deposits increased by €46.5m, while deposits from non-financial corporations surged by €152.7m. However, other domestic sectors registered an overall reduction in deposits of €65.7m, partly offsetting the gains.

Meanwhile, total loans in August reversed the trend observed in July. “Total loans in August 2025 recorded a net decrease of €60.8m, reversing the net increase of €74.9m observed in July,” the central bank stated.

The annual growth rate of total loans remained stable at 7.2 per cent, unchanged from July 2025. Despite this, the aggregate loan balance fell to €26.4bn by the end of August.

Loans to Cyprus residents were responsible for the decline, dropping €69.9m over the course of the month. Household loans decreased by €15.5m, loans to non-financial corporations contracted by €48.6m, and loans to other domestic sectors slipped by a further €5.8m. 

By fLEXI tEAM