Total deposits in Cyprus’ banking system recorded a net decline of pound 123.1 million in April 2026, reversing the net increase of pound 426.8 million registered in March, according to the latest Monetary Financial Institutions (MFIs) statistics released by the Central Bank of Cyprus on Tuesday.
The figures show that the annual growth rate of total deposits slowed to 4.5% from 5.6% a month earlier, while the outstanding stock of deposits stood at pound 57.6 billion at the end of April.
Despite the overall decline, deposits by Cyprus residents increased by pound 30.1 million. Household deposits rose by pound 122.6 million, while deposits held by non-financial corporations increased by pound 63 million. However, these gains were offset by a pound 155.5 million decrease in deposits held by other domestic sectors, resulting in the overall contraction in deposits.
Meanwhile, lending activity remained positive but expanded at a significantly slower pace compared with March. Total loans recorded a net increase of pound 40.5 million in April, down sharply from the pound 528.1 million increase recorded the previous month.
The annual growth rate of total loans eased to 12.0% from 12.6% in March, while the outstanding balance of loans reached pound 27.8 billion.
Loans to Cyprus residents increased by pound 76.1 million during the month. Lending to non-financial corporations continued to drive credit growth, rising by pound 71.7 million. In contrast, loans to households declined by pound 12.1 million. Loans to other domestic sectors increased by pound 16.6 million.