Total deposits in July 2015 exhibited a net increase of €238,0 million, as compared with a net decrease of €398,3 million in June 2015, according to data released Thursday by the Statistical Service of Cyprus.
The annual growth rate stood at -4,6%, as compared with -5,5% in June 2015. The outstanding amount of deposits reached €46,2 billion in July 2015.
Total loans in July 2015 exhibited a net decrease of €622,8 million, as compared with a net increase of €453,4 million in June 2015. The annual growth rate stood at -2,2%, as compared with -1,9% in June 2015. The outstanding amount of loans reached €62,0 billion in July 2015.
Deposits of Cyprus residents deposits, slightly increased in July 2015 to €32,1 billion, compared to € 32 billion in June 2015 while deposits from third country`s residents, grew to € 11,54 billion compared to € 11,35 billion in June 2015.
The deposits of euro area residents (except Cyprus) rose in July to € 2,54 billion from € 2,4 billion in June.
The loans of Cyprus residents fell in July 2015 to € 49 billion from € 49,17 billion in the previous months, while the loans of euro area residents fell to € 3,64 billion from € 3,65 billion In June.
Loans to residents of third countries decrease to € 9,35 billion from € 9,72 in the previous month