Business | Daily | Tourist
INFORMATION SERVICES

For the fifth consecutive month bank deposits in Cyprus declined in October according to the Central Bank of Cyprus.

“Deposits declined by €212.9 million to €45.7 billion, mainly due to deposit withdrawals by third country (non-EU) residents.According to the CBC, deposits declined by 4.9% year on year in October compared with an annual decline of 4.5% in September,” the CNA reported.

Total loans also declined by “€263.8 million, compared with a net reduction of €157.1 in September, declining to €59.5 billion, due to loan repayments by EU residents.The annual reduction of loans stood at 2.3% in October compared with 2.8% in September 2014…Domestic residents` deposits declined by €62.8 million to €31.9 billion,” CNA added.

The post Bank Deposits in Cyprus Decline For the Fifth Consecutive Month appeared first on The National Herald.

Source: The National Herald
Share it now!
More
Who We Are

GQS acts as an “information representative” providing a variety of accurate and authoritative analytics and responses About Greece. Our field of expertise ranges from simple Daily Life questions related to Tourism or the History of Greece, up to large Business related projects such as Economic Research, Human Resources Selection or Real Estate Services.

Find out more

Contact Us

Are you interested in obtaining any kind of information about Greece?

Let us help you!

If your requirements go beyond simple services and you want specialized information, you will receive a detailed email for any charges.

  • Weather

    Locations:
    Athens
    August 19, 2017, 1:11 am
    Clear
    Clear
    28°C
    real feel: 26°C
    current pressure: 1010 mb
    humidity: 30%
    wind speed: 2 m/s NNW
    wind gusts: 2 m/s
    UV-Index: 0
    sunrise: 6:44 am
    sunset: 8:13 pm
     
  • Currency