Deposits in the Cypriot banking system recorded a net decrease of €123.1 million in April 2026, according to data released this week by the Central Bank of Cyprus (CBC).

The drop marked a reversal from March, when deposits had recorded a net increase of €426.8m.

Despite the monthly decline, total deposits remained at high levels, reaching €57.6 billion at the end of April.

At the same time, the annual growth rate of deposits slowed to 4.5 per cent, compared with 5.6 per cent in the previous month.

According to the CBC, deposits from Cypriot residents increased by €30.1m during the month.

Households made the largest positive contribution, with deposits rising by €122.6m, while deposits from non-financial corporations increased by €63m.

However, this was offset by a €155.5m decline in deposits from other domestic sectors, weighing on the overall monthly figure.

Meanwhile, loans continued to rise in April, although at a much slower pace than in March.

Specifically, total loans recorded a net increase of €40.5m, compared with a much larger rise of €528.1m in the previous month.

The total balance of loans stood at €27.8bn at the end of April, while the annual growth rate eased to 12 per cent, from 12.6 per cent in March.

This points to a moderation in credit expansion, even though lending activity remained positive overall.

Loans to Cypriot residents increased by €76.1m in total, although the picture differed across borrower categories.

Loans to households fell by €12.1m, while lending to non-financial corporations rose by €71.7m.

At the same time, loans to other domestic sectors increased by €16.6m.