Deposits in Cyprus reach 6-month high in September due to debt payment holiday

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Deposits in Cyprus reach 6-month high in September due to debt payment holidayNet increase of €36.2 million

Deposits in the Cyprus banking system amounted to €48 billion in September, reaching the highest point in the last six months, mainly due to the increase in deposits of non-financial corporations, CNA reports.

Based on data released by the Central Bank of Cyprus, adjusted for foreign currency exchange rates, total deposits in September 2020 recorded a net increase of €36.2 million.

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Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Europa credito urgente

 

 

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