Nicosia – Total deposits in Cyprus reached €48.6 billion in November 2019, while outstanding loans €34.2 billion, the Central Bank of Cyprus announced last week.

Specifically, according to the official data, total deposits in November 2019 recorded a net drop of €84.1 million, compared to a net decrease of €158.3 million in October 2019.

In comparison, total deposits in Cyprus banks, which included Coops, in December 2014 stood at €47.04 billion, while in December 2012, just before the bailout, at €70.1 billion.

The annual growth rate in in November 2019 reached 2.2%, compared with 1.8% in October 2019.

Outstanding deposits reached €48.6 billion in November 2019.

Total loans in November 2019 exhibited a net increase of €34.9 million, compared with a net decrease of €75.0 million in October 2019.

The annual growth rate stood at 1.3%, remaining unchanged compared with October 2019.

The outstanding amount of total loans reached €34.2 billion in November 2019.