Cyprus Mail
Cyprus

Household, company debt drop slightly in Q1

Household debt fell slightly in Q1 2016, compared with the previous quarter, to 127.3 per cent of GDP, or €22.2bln, the Central Bank said on Thursday.

Household financial assets reached €46.6bln, with 65 per cent representing cash and deposits, one per cent being bonds, 19 per cent shares, and 15 per cent other holdings.

Company financial assets reached €52.4bln – 14 per cent in cash and deposits, 50 per cent shares, seven per cent in loans, two per cent in bonds, and 28 per cent in other holdings.

The sector’s debt showed a slight reduction compared with the previous quarter, dropping to €39.5bln, or 226.9 per cent of GDP.

Related Posts

Akel says found ‘smoking gun;’ linking Cyprus to Greek spying scandal

Elias Hazou

Two day mouflon fiesta planned

Eleni Philippou

Child commissioner calls out heavy-handed deportation tactics (Updated)

Sarah Ktisti

A shimmering jewel designed for adults

Paul Lambis

Four Larnaca-based companies fined for work-safety violations

Jean Christou

Renewal of Israel-Turkey diplomatic relations ‘will not affect’ Nicosia’s ties with Tel Aviv

Staff Reporter