Bank deposits drop, loans increase, CBC statistics for October show

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Bank deposits in Cyprus dropped in October 2020, following an increase in the previous four months, while loans recorded a rise after two consecutive months of decrease, due to an increase in business and housing loans, according to data released by the Central Bank of Cyprus.The Central Bank of Cyprus released on Thursday the Monetary Financial Institutions (MFIs) Deposits and Loans Statistics for the reference month of October 2020, which are included in the November 2020 edition of Monetary and Financial …

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