Cyprus sees twice as many deposits leave than enter

Eurozone households are increasingly placing deposits in banks outside their home countries, with cross-border deposits reaching 151 billion euros in August 2024, or approximately 1.6% of total household deposits, according to a European Central Bank blog post. The figure represents a significant jump from 95 billion euros in early 2020, when cross-border deposits accounted for … Continue reading Cyprus sees twice as many deposits leave than enter