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The Central Bank of Cyprus (CBC) on Tuesday reported that total deposits in April 2023 recorded a net decrease of €173.3 million, compared to a net increase of €59.8 million in March 2023.

The central bank’s report is based on the most recent data on deposits and loans of Cypriot banks for the month of April 2023, included in its currency and financial statistics bulletin for May 2023.

According to the announcement, total deposits in April 2023 experienced a net decrease of €173.3 million, compared to a net increase of €59.8 million in March 2023.

The annual rate of change reached 1.9 per cent, compared to 2.6 per cent in March 2023.

In addition, the balance of deposits reached €51.6 billion in April 2023.

Total loans in April 2023 recorded a net decrease of €130.9 million compared to a net increase of €41.9 million in March 2023.

The annual rate of change reached a negative 1.3 per cent, compared to a negative 0.5 per cent in March 2023.

Finally, the balance of total loans in April 2023 reached €24.9 billion, the announcement concluded.

 

The Cyprus State Scholarships Foundation on Tuesday announced that it is leading an initiative allowing Cypriot students pursuing Master’s level studies to study abroad.

According to the statement, the foundation announced the availability of three state scholarships for a two-year programme at the Euromed University of Fes in Morocco.

What is more, the announcement explained that the application process will commence on June 1, 2023, and will remain open until June 15t 2023, providing a two-week window for interested candidates to apply.

Applicants have multiple options to submit their applications. They can either deliver them in person to the offices of the foundation., send them electronically to [email protected], or utilise traditional mail or courier services. All applications must be received no later than June 15, 2023.

To access the relevant announcement and application, aspiring students can visit the official website of the Cyprus State Scholarships Foundation.

For further inquiries or additional information, interested individuals are encouraged to contact the foundation at the following telephone number: 22 456 433.

 

The Cyprus Stock Exchange (CSE) ended Tuesday, May 30 with profits.

The general Cyprus Stock Market Index was at 109.51 points at 12:53 during the day, reflecting an increase of 0.51 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 66.23 points, representing a rise of 0.52 per cent.

The total value of transactions came up to €35,491.

In terms of the sub-indexes, the main and alternative indexes rose by 0.78 per cent and 0.09 respectively.

In addition, the investment firm index rose by 3.87 per cent while the hotel index remained stable.

The biggest investment interest was attracted by the Bank of Cyprus (+0.77 per cent), Demetra (+4.08 per cent), Logicom (no change), and Hellenic Bank (-0.56 per cent).

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