Household and cash deposits in Q1 2017

The total debt of households and non-profit institutions stood at €22.0 billion in the first quarter of 2017, remaining at the same level as in the previous quarter, according to quarterly financial accounts published recently by the Central Bank of Cyprus.

Households had at the end of March 2017 cash and deposits of €29.02 billion, compared with €29.43 billion at the end of December 2016.

Corporate loans amounted to €40.70 billion at the end of the first quarter of 2017, showing an increase of €456 million from the end of December 2016.

Cash and deposits rose to €8.73 billion, from €8.49 billion at the end of the previous quarter.

Company assets amounted to €57.69 billion at the end of March 2017 and liabilities to €94.88 billion.

Insurance companies had assets of €3.73 billion and liabilities of €4.30 billion.

Source: CNA

Cyprus Profile

articles | 01 August 2017