Central Bank of Cyprus reports sharp rise in loans and deposits in March 2026

Nicosia, Cyprus. The Central Bank of Cyprus (CBC) reported higher loan and deposit growth in March 2026, pointing to continued momentum in the country’s banking sector.

Loan growth in March 2026

Total loans recorded a net increase of €528.1 million in March 2026, compared with a net rise of €326.2 million in February 2026.

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The annual growth rate of total loans reached 12.6 per cent, up from 12.3 per cent in February 2026, while the outstanding balance of total loans stood at €27.9 billion in March 2026.

Loans to Cyprus residents rose by €72.3 million during the month, the CBC said.

Loans to households increased by €52.3 million, while lending to non-financial corporations rose by €37.3 million.

Loans to other domestic sectors recorded an overall decrease of €17.3 million.

Deposit growth and liquidity

Total deposits recorded a net increase of €426.8 million in March 2026, compared with a rise of €202.2 million in February 2026.

The annual growth rate of total deposits reached 5.6 per cent, up from 4.7 per cent in the previous month.

The total outstanding balance of deposits climbed to €57.8 billion in March 2026.

What factors do you think are driving the increase in loans and deposits in Cyprus?