Cyprus bank deposits and lending both rise in August

Deposits and loans in Cyprus both recorded net increases in August 2026, according to data published on Friday by the Central Bank of Cyprus.

Total deposits rose by €171.5m during the month. This was down from a net increase of €562.3m in July. The annual growth rate for deposits was 6.5%, up from 6.2% in July. The total deposit balance stood at €59.3bn. Deposits held by Cyprus residents rose by €175.3m.

Deposits from non-financial companies increased by €60.2m. Household deposits fell by €1.9m. Deposits from other domestic sectors rose by a combined €117m.

Total loans rose by €114.6m in August, compared with a net decrease of €68.7m in July. The annual growth rate for total loans was 11.8%, up from 11.1% in July. The total loan balance stood at €28.5bn. Loans to Cyprus residents rose by €36.5m.

Loans to households rose by €12.6m. Loans to non-financial companies rose by €32.4m. Loans to other domestic sectors fell by €8.5m.

Famagusta Gazette