Central Bank of Cyprus Data Highlights Robust Growth in December 2025

by THEFUTURE.TEAM

January 29, 2026

Overview Of December Financial Trends

Recent data released by the Central Bank of Cyprus (CBC) underscores a strong performance in the nation’s monetary market. The report, detailed in the CBC’s Monetary and Financial Statistics January 2026 edition, shows that the annual growth rate for deposits reached 6.50 percent while loans increased at an annual rate of 10.70 percent in December 2025.

Deposits Performance And Seasonal Influences

Total deposits witnessed a net increase of €877.10 million in December 2025, a notable rise from the €330.80 million increase recorded in November 2025. The aggregate deposit base reached €58.70 billion by year’s end. This growth, which recorded an annual rate of 6.50 percent—the slight downbeat from November’s 6.70 percent—is largely attributed to seasonal influences. Notably, Cyprus residents contributed a significant increase of €948.30 million, with household deposits rising by €622.30 million. Deposits by non-financial corporations and other domestic sectors added €51.20 million and €274.80 million, respectively.

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Robust Expansion In Loan Portfolios

The loan segment demonstrated an even more vigorous performance. Total loans saw a net increase of €587.20 million in December 2025, compared to just €71.50 million in November. This surge boosted the outstanding loan balance to €27.10 billion, while the annual growth rate edged up to 10.70 percent from 10.50 percent the previous month. Disaggregated data indicates that loans to Cyprus residents increased by €250.50 million. Specifically, household loans grew by €113.00 million, and lending to non-financial corporations expanded by €150.10 million, albeit with a modest overall decline of €12.60 million in loans to other domestic sectors.

Implications For The Monetary Landscape

The findings illuminate a dynamic and evolving monetary landscape in Cyprus, where both deposit and lending activities are moving in tandem with economic cycles influenced by seasonal trends. This robust financial performance not only reflects increased confidence among households and businesses but also sets the stage for a more resilient banking sector moving forward.

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Google Cloud Outage Disrupts Banking And Digital Services Across The UK

by THEFUTURE.TEAM

October 20, 2026

A power outage at a Google Cloud data centre near London disrupted services across the UK on Tuesday, affecting banks, businesses and other digital platforms. Google said the incident was caused by a power event at its cloud operations, with full recovery expected by around 1300 GMT.

The disruption began at 0608 GMT and affected Google Cloud services in the europe-west2 region, which is hosted in London. In an initial update, the company reported elevated error rates and intermittent network failures across multiple services as engineers worked to restore operations.

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Banking Services Hit By The Disruption

Revolut was among the most visibly affected companies, with customers reporting problems with ATM withdrawals, bank transfers and card top-ups. A source close to the matter linked the issues to the Google Cloud outage.

Traditional banks also reported disruptions. Lloyds said some customers were experiencing problems with its app and online banking, while HSBC confirmed difficulties accessing its services. HSBC added that it was monitoring the situation and noted that other organisations were affected as well.

Disruption Spreads Beyond Finance

Downdetector, which tracks online service disruptions, recorded hundreds of reports involving other businesses, including property website Rightmove and the Royal Mail postal service. The reports suggested that the outage was affecting multiple parts of the UK’s digital economy.

The incident highlights the risks facing businesses that depend on shared cloud infrastructure. Even a temporary failure at a single provider can disrupt services across several sectors, from banking and payments to logistics and consumer platforms.

Companies Reassure Customers

Revolut said it had been working to resolve the issue since it was identified and apologised to affected customers. The company also confirmed that customers’ money and data remained safe.

As cloud platforms underpin an increasing share of digital commerce, the outage illustrates how disruptions to critical infrastructure can spread far beyond the provider itself, affecting businesses and customers across the economy.

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