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.