Cyprus residents’ bank deposits rise by €318.5 million

The Central Bank of Cyprus (CBC) on Friday reported an increase in both loans and total deposits within the Cypriot banking system for March 2024.

According to the CBC, liquidity, measured as the difference between loans and deposits, exceeded €27 billion at the end of the aforementioned month.

Moreover, total deposits saw a net increase of €252.1 million, compared to a net increase of €63.2 million in February 2024.

In addition, the year-on-year growth rate of total deposits reached 0.6 per cent...