Cyprus bank deposits rose €44.3 million in August after declining the previous month, while lending contracted €60.8 million, the Central Bank of Cyprus said on Thursday.
The net increase in deposits contrasted with a €154.5 million decline in July, according to the central bank’s monthly monetary and financial statistics report. Total deposits reached €56.5 billion, with annual growth slowing to 6.0 per cent from 6.5 per cent in July.
“The data shows continued strength in the deposit base despite some moderation in growth rates,” the central bank said in its September 2025 monetary statistics publication.
Household deposits contribute €46.5 million to growth
Deposits from Cyprus residents drove the monthly increase, rising €133.6 million. Household deposits contributed €46.5 million to the growth, whilst non-financial corporations added €152.7 million.
However, deposits from other domestic sectors fell €65.7 million, partially offsetting the gains from households and businesses.
Corporate lending falls €48.6 million despite deposit gains
Total lending declined €60.8 million in August, reversing a €74.9 million increase recorded in July. The annual lending growth rate remained unchanged at 7.2 per cent, with total loans outstanding at €26.4 billion.
Loans to Cyprus residents fell €69.9 million, driven by a €48.6 million decline in lending to non-financial corporations. Household lending decreased €15.5 million, whilst loans to other domestic sectors dropped €5.8 million.
