Cyprus Mail
News in Brief

Deposits fell 7.6 per cent in June

Money is still flowing out of the banks

 

CONSUMERS and companies withdrew deposits from banks in Cyprus in June, where big account holders in the two largest lenders were forced to take a hit as part of an international bailout.

Private-sector deposits fell by 7.6 per cent to €37.6 billion after a roughly 2.0 per cent fall in May, European Central Bank data showed on Thursday.

Capital controls are still in place on the island, with limits on how much people can transfer from their accounts. Cyprus is gradually easing the controls.

The data showed that deposits in another southern European country mired in the debt crisis remained relatively stable.

Related posts

Beer consumption up in July

Staff Reporter

Police crack down on child pornography

Elias Hazou

Reported missing since Wednesday

Evie Andreou

Worker in serious condition after fall from roof

Evie Andreou

Pair arrested for harassing ‘foster mum’ of stray dogs

Staff Reporter

Arrest over phone theft

Andria Kades

1 comment

Comments are closed.