Nicosia, Cyprus. The Central Bank of Cyprus (CBC) reported a net decrease of €851.2 million in total deposits in January 2026, while annual loan growth accelerated. Total loans recorded a net increase of €76.4 million during the month.
Deposits decline in January
According to the CBC’s latest MFIs deposits and loans statistics report, total deposits in January 2026 recorded a net decrease of €851.2 million, compared with a net increase of €877.1 million in December 2025.
The annual growth rate of total deposits stood at 5.3 per cent, down from 6.5 per cent in December 2025.
The outstanding amount of total deposits reached €56.9 billion in January 2026.
Resident deposits and sector breakdown
Deposits of Cyprus residents declined by €767.7 million during the month.
Households’ deposits increased by €34.2 million, while deposits of non financial corporations fell by €469.7 million.
Deposits of the remaining domestic sectors recorded a total decrease of €332.2 million.
Loans edge higher and annual growth strengthens
Total loans in January 2026 registered a net increase of €76.4 million, compared with a net increase of €587.2 million in December 2025.
The annual growth rate of total loans rose to 11.2 per cent, from 10.7 per cent in the previous month.
The outstanding amount of total loans reached €26.9 billion in January 2026.
What do the latest changes in deposits and loans suggest to you about banking activity in Cyprus?