Central Bank of Cyprus reports deposit growth slowdown and faster loan expansion in February 2026

Nicosia, Cyprus. The Central Bank of Cyprus reported that total deposits rose 4.7% year-on-year in February 2026, while total loans increased 12.3% annually. Deposits saw a net monthly increase of €202.2 million and loans rose by €326.2 million.

Deposit developments

Total deposits recorded a net increase of €202.2 million in February 2026, compared with a net decrease of €851.2 million in January 2026.

The annual growth rate of deposits slowed to 4.7% in February 2026 from 5.3% in January 2026. The total stock of deposits reached €57.2 billion in February 2026.

Deposits from Cyprus residents increased by €250 million. Household deposits rose by €104.1 million, while deposits held by non-financial corporations fell by €32.2 million. Deposits from other domestic sectors increased by €178 million.

Loan developments

Total loans recorded a net increase of €326.2 million in February 2026, compared with a net increase of €76.4 million in January 2026.

The annual growth rate of loans accelerated to 12.3% in February 2026 from 11.2% in the previous month.

What do you think the faster pace of loan growth could mean for borrowers in Cyprus?