articles | 23 May 2018

CBC balance sheet grows to €16.3bn in March 2018

The Central Bank of Cyprus said that the size of its balance sheet grew by €505.5m in April 2018 to €16.3bn compared to the month before, mainly on increased claims to other euro area national banks.

Intra-Eurosystem claims rose to last month to almost €9bn from €8.3bn in March, the central bank said in a statement on its website on Wednesday. This increase in assets was mainly offset by an increase in liabilities to euro area credit institutions related to monetary policy operations to €11.3bn from €10.8bn respectively.

By the end of April, the funds deposited by the central government at the central bank fell to €852.9m from €786.5m, it said.

Other claims on euro area credit institutions denominated in euro, which includes the emergency liquidity extended to commercial banks, fell last month to €7,000 from €393,000 in March, the central bank said.

Source: Cyprus Mail

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