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in-cyprus6 Jul 2026

Banks sit on liquidity but keep lending scarce

Banks sit on liquidity but keep lending scarce

Bank deposits in Cyprus continue to rise, but new lending is not growing at the same pace, according to Central Bank data for May.

The Central Bank’s figures show that lending by the banking system is not keeping up with the liquidity available in the financial system. Deposits by Cyprus residents rose by 239 million euros in May, while loans increased by only 173 million euros, of which 48.8 million euros went to housing loans and 63 million euros to businesses....

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