Cyprus deposits record drop, while loans increase this April, Central Bank data show

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Deposits were down while loans were up in April 2020 according to data the Central Bank of Cyprus published on Friday.In particular, according to a Central Bank press release total deposits in April this year recorded a net drop of  €37.1 million compared to a net drop of €452.4 million the previous month. The outstanding amount of deposits in April 2020 reached €48.0 billion. The annual rate of change reached 0.7% compared to 1.2% this March.According to the Central Bank`s data …

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