Central Bank of Cyprus reports rise in deposits and loans for March 2026

The Central Bank of Cyprus released data showing a significant increase in banking activity during March 2026. Total deposits grew by a net €426.8 million, reaching an outstanding balance of €57.8 billion, with an annual growth rate of 5.6%. While deposits from non-financial corporations and other domestic sectors rose, household deposits experienced a decline of €138.1 million. Concurrently, total loans saw a net increase of €528.1 million, bringing the total balance to €27.9 billion with an annual growth rate of 12.6%. Domestic lending saw growth in household and corporate loans, while other domestic sectors recorded a decrease of €17.3 million. High liquidity levels continue to characterize the banking system, with liquidity indicators reaching 319% due to a strong local savings culture and limited alternative investment options. The data highlights a contrast between the expansion of corporate financing and the shifting patterns in household capital allocation.