Cyprus Mail

Bank deposits rise in June as deleveraging continues, central bank says

By Stelios Orphanides

Deposits in the Cypriot banking system rose by €238m in July compared to June to €46.2bn, mainly on increased deposits held by non-Cyprus residents, as deleveraging continues, the Central Bank of Cyprus said.

Deposits held by residents of other euro area countries rose by €138.4m to over €2.5bn in July compared to the month before while those held by third country residents rose by €75.8bn to €11.5bn, the central bank said in a statement on its website today. Amounts deposited by Cyprus residents rose by €23.8m to €32.1bn.