In December 2018 deposits had risen by €392.7 million to €47.86 billion before falling 0.69% in January.
The annual growth rate reached 4.1%, compared with 3,7% in December 2018.
Deposits in dollars declined by €171 million in January with the deposits amounting to €5.9 billion. Deposits in euros declined by €164 ln with the outstanding amount totalling €40.5 billion.
Furthermore, total loans in January exhibited a net increase of €115 million, compared with a net increase of €166.8 million in December.
The annual growth rate stood at -2.4%, compared with -2.6% in December 2018. The outstanding amount of loans reached €39.3 billion in January 2019, the CBC said.
According to the CBC data, the increase is mainly due to corporate loans which rose by €111 million to €18.25 billion.
Total household loans in January amounted to €15 billion, marking an increase of €19 million compared with December 2018.
Mortgages in January amounted to €9.7 billion (-0.2%), consumer loans €1.9 billion (+1.1%) and other household loans reached €3.6 billion.
Source: Financial Mirror