Nicosia, Cyprus. Cyprus’ banking sector recorded higher deposits and stronger lending in May 2026, according to figures published by the Central Bank of Cyprus covering deposits and loans at monetary financial institutions. Total deposits posted a net increase of €343.8 million, while total loans rose by €260.3 million during the month.
Deposits reverse April decline
Total deposits increased by a net €343.8 million in May, reversing the net decline of €123.1 million recorded in April.
The year-on-year growth rate of deposits accelerated to 5.1 per cent from 4.5 per cent in the previous month. The total stock of deposits rose to €58 billion.
Resident deposit movements
Deposits held by Cyprus residents increased by €239 million over the month.
Household deposits grew by €171.3 million, while non-financial corporations increased their deposits by €194 million. Deposits held by other domestic sectors declined by a combined €126.2 million.
Lending activity strengthens
The figures also showed a significant increase in lending activity in May.
Total loans recorded a net rise of €260.3 million, compared with a €40.5 million increase in April.