CYPRadar 🇨🇾💰 Cyprus banking sector sees strong deposit and loan growth in May 2026
The banking sector in Cyprus experienced notable growth in deposits and lending in May 2026, according to Central Bank of Cyprus data. Total deposits increased by €343.8 million, reversing a decline from April, with the total deposits reaching €58 billion. Deposit growth was driven primarily by Cyprus residents, whose deposits rose by €239 million, supported by increases in household and non-financial corporate savings.
Simultaneously, lending expanded significantly, with total loans climbing by €260.3 million in May, a marked increase from April's €40.5 million increase. The outstanding loan balance rose to €28.1 billion. Loans extended to Cyprus residents increased by €173.7 million, including higher lending to households, non-financial corporations, and other domestic sectors. The data highlights a stronger liquidity position and increased credit activity within the Cypriot economy during the month.
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