Cyprus Business Now

Cypriot banks have nearly eliminated their borrowing from the Eurosystem through Targeted Longer-Term Refinancing Operations (TLTROs), with the latest data from the Central Bank of Cyprus (CBC) showing repayments totalling €2.6 billion.

According to the CBC’s monthly balance sheets, the remaining borrowing through TLTROs dropped to €100 million by the end of June, down from €2.7 billion at the end of May. This follows repayments of €1.8 billion in March 2024.

In June, both...