Research Center
Cyprus Economy

CYPRUS: Household debt stable at €22 bln, deposits drop to €29.02 bln

01 August, 2017

The total debt of households and non-profit institutions stood at EUR 22 billion in the first quarter of the year, remaining at the same level as in the previous quarter, according to quarterly financial accounts published by the Central Bank of Cyprus.


 
At the end of March, households’ cash and deposits were EUR 29.02 billion, compared with EUR 29.43 billion at the end of December 2016.
Corporate loans amounted to EUR 40.70 billion at the end of the first quarter, an increase of EUR 456 million from the end of December 2016.
Company assets amounted to EUR 57.69 billion at the end of March and liabilities to EUR 94.88 billion.
Insurance companies had assets of EUR 3.73 billion and liabilities of EUR 4.30 billion, while the assets of pension funds amounted to EUR 2.76 billion and their liabilities to EUR 3.11 billion.
The assets of investment funds amounted to EUR 2.54 billion and their liabilities to EUR 2.70 billion.