Deposits and loans increase in June

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Deposits and loans in the Cyprus banking system marked a net increase in June with total deposits amounting to €47.8 billion and total loans to €32.2 billion. Data published on Monday by the Central Bank of Cyprus (CBC), show that total deposits in June 2020 recorded a net increase of €106.4 million, compared with a net decrease of €30.8 million in May 2020. The annual growth rate stood at -0.7%, compared with -0.8% in May 2020. The outstanding amount of deposits reached €47.8 …

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