Greek banks lift share of deposits in Cyprus

EFG Eurobank and the National Bank of Greece (Cyprus) were the top gainers in terms of bank deposits in May, according to the Central Bank of Cyprus May 2010 report.
EFG Eurobank lifted its share of deposits by 1.3%, while NBG Cyprus improved its position by 0.8%. Greek banks in aggregate lifted their share of deposits by 8.3% to EUR 8.6 bln at the end of May, mostly as a result of an influx of funds from Greece.
The major local players – BOCY, CPB and HB – lost between 0.7% to 1.4% compared to the total, which was boosted by Greek funds flowing to Cyprus. The Coops lost 0.1%.
On the lending side, the most active player was EFG Eurobank which added 0.7% to its market share reaching 3.9%. Piraeus Bank gained marginally (+0.3% year-on-year) settling at 1.1%, while Alpha Bank lost 0.6% y-o-y retaining its forth place in the lending market, however with a market share of 7.6%.
CPB was the top gainer among the local players gaining 1.1%, whilst the Coops and BOCY gained marginal ground (+0.2% and +0.3%, respectively).