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 Fuel Prices Jump 20.5% As Energy Costs Rise Across The EU

by THEFUTURE.TEAM

June 24, 2026

Cyprus recorded a 20.5% year-on-year increase in the prices of fuels and lubricants for personal transport in May 2026, according to Eurostat data released on Monday.

The increase was broadly in line with the European Union average of 20.7%, with fuel and lubricant prices rising across all EU member states during the period.

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Cyprus Tracks The EU Average

Among EU countries, the largest annual increases were recorded in Bulgaria (33.9%), Luxembourg (32.2%), Lithuania (30.8%) and Romania (30.4%). At the other end of the scale, Hungary registered the smallest increase at 3.5%, while annual growth ranged from 12.7% in Poland to 29.2% in France across the remaining member states.

Eurostat noted that fuel and lubricant prices generally declined across the EU until February 2026 before moving higher in subsequent months.

Diesel And Petrol Follow Different Paths

Across the European Union, diesel prices increased by 29% in May 2026 compared with the same month a year earlier, while petrol prices rose by 16.2%. Monthly trends, however, were more mixed. Between April and May 2026, diesel prices across the EU fell by 5.8%, whereas petrol prices increased by 0.8%.

In Cyprus, diesel prices declined by 1.5% over the same period. Although lower than in April, the decrease was less pronounced than in Germany (-11.9%), Greece (-8.5%), Estonia (-8.4%) and Ireland (-8.1%).

Petrol prices moved in the opposite direction, rising by 2.1% between April and May. A similar pattern was observed across much of the EU, with 23 member states reporting monthly increases. Italy recorded the largest monthly rise in petrol prices at 6.9%, while decreases were reported in Germany (-5.6%), Ireland (-2.0%) and Sweden (-0.7%).

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