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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.

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