Cyprus bank deposits fall by €850m in sharp January decline
The Central Bank of Cyprus (CBC) on Thursday reported a sharp net decrease of €851.2 million in total deposits for January 2026, even as annual loan growth accelerated.
According to the CBC’s latest MFIs deposits and loans statistics report, total deposits in January 2026 recorded a net decrease of €851.2 million, compared with a net increase of €877.1 million in December 2025.
The annual growth rate of total deposits stood at 5.3 per cent, down from 6.5 per cent in December 2025.
The outstanding amount of total deposits reached €56.9 billion in January 2026.
Moreover, deposits of Cyprus residents declined by €767.7 million during the month.
Households’ deposits, meanwhile, increased by €34.2 million, while deposits of non financial corporations fell by €469.7 million.
Deposits of the remaining domestic sectors recorded a total decrease of €332.2 million.
At the same time, total loans in January 2026 registered a net increase of €76.4 million, compared with a net increase of €587.2 million in December 2025.
The annual growth rate of total loans rose to 11.2 per cent, from 10.7 per cent in the previous month.
The outstanding amount of total loans reached €26.9 billion in January 2026.
What is more, loans to Cyprus residents increased by €124.2 million during the reference month.
More specifically, loans to non financial corporations rose by €22.6 million, while loans to households recorded zero change.
Finally, the CBC reported that loans to the remaining domestic sectors posted a total increase of €101.5 million.