Deposits and loans down in October

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Total deposits and loans in Cyprus’ banks decreased in October 2019, according to data released Thursday by the Central Bank of Cyprus.Total loans in October 2019 decreased by €75 million, compared with a net increase of €27.6 million in September 2019.However, the annual growth rate increased to 1.3%, compared with -1.2% in September 2019, because the decrease of loans was much lower than the respective decrease in October last year, which reached €1.1 billion. The outstanding amount of total loans …

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