Non-resident deposits drop, as Cyprus adopts stricter AML policies (updated)
Non-resident bank deposits registered a 13 per cent drop in 2018 as a result of stricter anti-money laundering (AML) policies adopted by the banking sector,...
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Total new loans drop in August
Total new loans dropped to €211m in August 2018, from €284.1m in the previous month, statistics released by the central bank showed on Thursday. The central...
Bank’s offset of loans against deposits comes under scrutiny by lawmakers
THE House ethics committee will hold a special session on Saturday to discuss the matter of co-op customers who had their deposits set off against...
Deposits rise in July driven by government’s Co-op intervention
By Stelios Orphanides The amount on deposit in the Cypriot banking system rose by €796.4m in July in a month to €50.9bn, the highest since...
Deposits drop by €745m in June amid Co-op uncertainty
Deposits in the Cypriot banking system fell last month by €745.2m compared to the month before to €50.2bn, as total loans rose by €305.2m to...
Deposits rise to €50.9bn in May, central bank says
Deposits in the Cypriot banking system rose in May by €201.2m in a month, to €50.9bn, as total lending fell by €66.8m, to €48.8bn, the...
April deposits exceed loans for the first time in six years, CBC says
By Stelios Orphanides Deposits in the Cypriot banking system rose in April by €2.4bn to €50.5bn, almost matching the government’s Cyprus Cooperative Bank deposit, and...
Liquidity in economy improves in November, central bank says
By Stelios Orphanides Confidence is returning to the Cyprus banking system as the gap separating deposits from loans reached €2.9bn in November, its narrowest value...
Deposits, loans drop in September, CBC says
Funds deposited in the Cypriot banking system dropped by €164.9m to €49bn in September as the amount of outstanding loans dropped by €134.6bn to €52.6bn,...
Deposits rise in August as banks collect debts, CBC says
Deposits in the Cypriot banking system rose in August to €49.1bn or by €427m in a month with total loans falling by €107m to €52.9bn,...
Deposits outflow outstrips deleveraging in June, central bank says
The Central Bank of Cyprus said overall deposits dropped by €432.9m in a month in June, to €48.5bn, as total loans also dropped €43.4m, to...
Economist proposes reducing deposit tax to counter likely ECB rate hike
The government may have to consider reducing the currently 30 per cent tax rate on income from deposits in order to help banks cope with...
Deposits rise in February to €49bn matching August 2013 figures
Deposits in the Cypriot banking system rose in February by €174.9m in a month to €49.3bn, the highest since August 2013, as the downward trend...
Banks attract more deposits, collect more debt, CBC says
Total deposits rose in January by €148.8m, to almost €49bn, as total loans fell by €86.4m, to €54.9bn, the Central Bank of Cyprus said. The...
Government deposits seen at €1.2bn in January, central bank says
The government’s cash reserves deposited at the Central Bank of Cyprus rose in January to almost €1.2bn by €467.4m compared to December, the central bank...
Moody’s says last year’s deposit increase a “credit positive”
The 6.2 per cent increase in the deposits held by Cypriots banks last year to €49bn in December, the highest level since July 2013, represents...
Government deposits drop to €1.3bn in October, central bank says
Government deposits fell by €52.5m, to €1.3bn, on a monthly basis in October, the Central Bank of Cyprus said (CBC). The bank supervisor said that...
Bank liquidity restored to pre-haircut levels, central bank says
The liquidity shortfall in the Cypriot banking system fell by €437.3m on a montly basis in September, to €6.1bn, the lowest since February 2013, as...
Moody’s hints rating upgrade as mattress money comes back
Deposits in the Cypriot banking system increased by €827.7m in August in a month outstripping a €476.2m increase in loans, pushing the liquidity gap to...
Cyprus in race against time to repatriate FBME funds
Cyprus is in a race against time to avert the loss of money held by depositors in accounts at the FBME Bank (Cyprus) Ltd which...