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Cypriot Investment Scheme
Repossession Property Yield Properties

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  • 15 July 2019 Larnaca new high rise tower projects

    In Larnaca, some 20 – 30 high-rise residential developments and hotels... read more

  • 27 June 2019 Home Saves homes but also sells them away

    On September 2, applications for the Home project will begin. Yesterday the... read more

  • 18 June 2019 Citizenship by Investment Property Fair in Beirut Lebanon

    On 13 and 14 June 2019 we took part, together with our legal team, in the... read more

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 15 July 2019 Larnaca new high rise tower projects

    In Larnaca, some 20 – 30 high-rise residential developments and hotels... read more

  • 27 June 2019 Home Saves homes but also sells them away

    On September 2, applications for the Home project will begin. Yesterday the... read more

  • 18 June 2019 Citizenship by Investment Property Fair in Beirut Lebanon

    On 13 and 14 June 2019 we took part, together with our legal team, in the... read more

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

Increase in deposits over 307 million euro in May

 

Nicosia : Signs of stabilization of the financial system and regaining the lost confidence emit deposits, which for the second consecutive month have increased mainly by foreign depositors. According to data released yesterday by the Central Bank, the total deposits in May 2014 showed a net increase of € 307,4 million, compared to a net increase of € 264,7 million in April. The annual rate of change was -7.4% compared to -10.3% in April 2014. Deposits in May amounted to € 46,9 billion Increasing the deposit base of the system during the same time banks continued their efforts to deleverage their balance sheets. Total loans in May 2014 showed a net reduction € 255,5 million, compared to a net reduction € 172,5 million in April. The annual rate of change was -9.5% compared to -9.3% in April 2014. Balances of loans in May 2014 amounted to € 61 billion The Central Bank data show that deposits from third countries increased against € 362,5 million in May, compared with an increase of € 525 million, which was observed in April and € 407,9 million outflows that occurred in March. From the category domestic residents, the remaining deposit was € 32,31 billion in May showing outflows € 40,2 million compared with outflows of € 244 million in April. Deposits of residents of other euro zone countries including Greece and showed no major differences in May and remained at € 2,13 billion compared to € 2,14 billion in April. Regarding the category of loans, credit institutions continue their efforts to reduce lending portfolios. In residential loans that change in credit growth in the year to May was negative -4.3%, ie as April. The balance of housing loans was € 13,62 bn and occurred repayments million versus € 89,7 € 95,2 million in April. In the category of business lending, loan balances fell to € 27,63 million from € 28,20 billion in April. In May presented repayments € 285,2 million compared to € 16,5 million in the previous month. Consumer credit balances fell to € 3,06 billion in May from € 3,07 billion in April. writes: Theano Theiopoulou - See more at: http://www.philenews.com/el-gr/oikonomia-kypros/146/207331/ayxisi-ton-katatheseon-3074-ekat-ton-maio#sthash.oYXx6Q0C.dpuf