Deposits rise, loans continue downward path in the Cyprus banking sector in August

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Total deposits rose in the Cyprus banking sector in August with the outstanding amount reaching €47.9 billion, according to data released by the Central Bank of Cyprus. The CBC said that deposits in August 2020 recorded a net increase of €366.5 million, compared with a net increase of €105,6 million in July 2020, while they remained unchanged on an annual basis in August, compared with an annual reduction of 0.9% in the previous month. Total loans in August 2020 recorded a net …

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