NICOSIA - Deposits in the Cypriot banking system in July registered a monthly drop of €956,2m to €49,74b compared with €50,69b in June and compared with deposits of €70,56b in July 2012.
According to figures released by the Central Bank of Cyprus, deposits outflow reached €956,2m, compared with the reduction of €1,5b in June 2013.
Deposits declined on an annual basis by 24.2% in July 2013.
Domestic resident deposits reached €34,14b reduced by €809m compared with June, whereas deposits of residents of other Eurozone member states dropped by €85m to €2,61b and deposits of residents coming from third countries (non EU countries) registered a reduction of €61,4m to €12,98b.
General government deposits decreased at €358m compared with €367m in June.
On an annual basis, general government deposits registered a reduction of 23.6%.
Company deposits in July declined to €12,04b from €12,58b in June and declined by 35.8% compared with July 2012.
Household deposits declined by €506m to €30.93b, whereas compared with May 2012 household deposits declined by 15.3%.
Domestic household deposits reached €28,40b, and compared with a year earlier they declined by 18.8%.
Total loans also decreased at €66,28b compared with €67,79 in June.
Total loans compared with July 2012 declined by 7.8%.
Loans to domestic residents dropped by €543m to €51,80 compared with June, whereas compared with a year earlier they declined by 3%.
Loans to residents from other Eurozone member-states declined to €3.5b compared with June’s €4b.
Loans to residents from non EU countries reached €10,91b compared with June’s €11,36b and €14,32b in July 2012.
Consumer loans reached €3,25b compared with €3,27 in June, whereas compared with July 2012 they recorded a decrease of 7.9%.
Housing loans also declined to €14,06b compared with €14,18 in June and recorded an annual decrease of 3.7%.
Loans to businesses reached €29,76b, reduced by €626m compared with a month earlier, whereas they declined by 11.2% compared with July 2012.