Cyprus bank deposits climb by €202m after January dip
The Central Bank of Cyprus (CBC) has announced that total deposits increased by 4.7 per cent year-on-year in February 2026, while total loans recorded a 12.3 per cent annual increase.
In absolute terms, total deposits registered a net increase of €202.2 million in February 2026, compared with a net decrease of €851.2 million in January 2026.
The annual growth rate of deposits slowed slightly to 4.7 per cent from 5.3 per cent in January 2026, according to the central bank’s data.
The total stock of deposits reached €57.2 billion in February 2026, reflecting continued inflows into the banking system.
Deposits from Cyprus residents recorded a net increase of €250 million, contributing significantly to the overall monthly rise.
More specifically, household deposits rose by €104.1 million, indicating sustained savings activity among individuals.
Deposits held by non-financial corporations declined by €32.2 million, partially offsetting gains recorded in other categories.
At the same time, deposits from other domestic sectors increased by €178 million, supporting overall deposit growth.
On the lending side, total loans recorded a net increase of €326.2 million in February 2026, compared with a net increase of €76.4 million in January 2026.
The annual growth rate of loans accelerated to 12.3 per cent from 11.2 per cent in the previous month, signalling stronger credit expansion.
The total stock of loans reached €27.3 billion in February 2026, reflecting increased borrowing activity across the economy.
Loans to Cyprus residents increased by €110 million during the month, driven by both household and business demand.
In particular, loans to households rose by €54.9 million, while lending to non-financial corporations increased by €60.7 million.
By contrast, loans to other domestic sectors declined by €4.7 million, slightly moderating the overall increase.
The latest figures highlight continued growth in both deposits and lending activity, pointing to stable liquidity conditions and expanding credit in the Cypriot banking system.