Central Bank of Cyprus reports August 2026 financial data trends

The Central Bank of Cyprus released data on Friday detailing the performance of the financial system for August 2026. The report indicates a net increase in total deposits of €171.5 million, bringing the total balance to €59.3 billion. While deposits continued to grow, the monthly increase was significantly lower than the €562.3 million observed in July 2026, with the annual growth rate reaching 6.5%.

In terms of loans, the banking sector recorded a net increase of €114.6 million in August, marking a recovery from the €68.7 million decline recorded in July. The total loan balance reached €28.5 billion, with the annual growth rate accelerating to 11.8% from 11.1% in the previous month. Within the domestic sector, loans to households increased by €12.6 million, while loans to non-financial corporations rose by €32.4 million.

Regarding deposits from domestic residents, the overall increase was €175.3 million. Specifically, non-financial companies increased their deposits by €60.2 million and other domestic sectors by €117 million. Conversely, household deposits saw a marginal decline of €1.9 million. These figures reflect shifting liquidity patterns within the Cypriot banking system during the summer period.