Cyprus Bank Deposits Fall By €123.1 Million In April

Deposits Decline Even As Balances Remain Strong

The Cypriot banking system experienced a net decrease of €123.1 million in deposits during April 2026, according to the latest figures released by the Central Bank of Cyprus. This downturn sharply contrasts with the net increase of €426.8 million observed in March.

High Overall Deposits With Slower Annual Growth

Despite the monthly decrease, total deposits stood at €57.6 billion at the end of April. The annual growth rate of deposits slowed to 4.5% from 5.6% in March. Cypriot residents increased their deposits by €30.1 million during the month. Household deposits rose by €122.6 million, while non-financial corporations added €63 million. These increases were offset by a €155.5 million decline in deposits held by other domestic sectors.

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Moderation In Lending Activity

Lending activity remained positive in April, although growth slowed compared with the previous month. Total loans increased by €40.5 million, following a net rise of €528.1 million in March. Outstanding loans reached €27.8 billion, while the annual growth rate eased to 12% from 12.6%. Loans to Cypriot residents increased by €76.1 million overall. Household borrowing declined by €12.1 million, while lending to non-financial corporations rose by €71.7 million. Loans to other domestic sectors increased by €16.6 million during the month.

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Cyprus Has One Of The EU’s Oldest Teaching Workforces

by News Editor

August 18, 2026

Only 3% of teachers in Cyprus are under 30, putting the country alongside Portugal for the lowest share of young teachers in the European Union, according to a European Commission report. The figure is well below the EU average of 8%, while Malta has the highest proportion at 17%, followed by Belgium and Luxembourg at around 15%.

Cyprus is also the only EU member state identified in the report as having a surplus of teachers, despite the workforce being relatively old.

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Older Teachers Remain Highly Satisfied

The teaching profession appears to remain attractive to those already working in it. In 2024, 73% of Cypriot teachers said they were satisfied with their salaries, compared with just 37.3% across the EU. Job satisfaction was also high, reaching 93% in Cyprus versus 90% across the bloc.

The age gap is particularly visible in secondary education, where teachers in Cyprus averaged 46 years old in 2024, compared with 45 across OECD member states. Only 4% were under 30, while 33% were aged 50 or older.

Reform Could Change The System

The findings come as Cyprus moves toward the final stage of its teacher evaluation reform. Until August next year, vacancies will continue to be divided between the old appointment list and the newer system introduced in 2015.

From next September, first-appointment vacancies will be filled exclusively through the new list. The European Commission has meanwhile called for stronger efforts to attract and retain younger teachers, including through better working conditions and greater support for people entering the profession.

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