January Brings Shift In Financial Flow: Deposits Down, Loans Mixed

by News Editor

February 28, 2025

In a notable reversal from the previous month, January 2025 witnessed a net decrease in total deposits by €211.3 million, contrasting sharply with December 2024’s net increase of €977.4 million, according to the latest data from the Central Bank of Cyprus.

The decline was reflected in the annual growth rate of deposits, which stood at 6.9%, slightly up from 6.6% in December 2024, bringing the total outstanding deposits to €55.7 billion. This January decrease was particularly noted among Cyprus residents, who saw a drop of €81.2 million. Despite this, household deposits actually rose by €111.1 million, while non-financial corporations’ deposits fell by €57.1 million.

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Conversely, total loans experienced a net decrease of €45.6 million, a stark contrast to the €503.2 million increase in December 2024. Yet, the annual growth rate of loans rose to 3.2%, up from 2.8% in December. Loans to households decreased by €10.2 million, while those to non-financial corporations showed a promising increase of €64.4 million.

For those keen on Cyprus’ emerging innovation sectors, our related article offers an insightful look at the island’s broader economic potential—unlocking opportunities that extend well beyond traditional financial metrics.

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Cyprus Starts Selection Process For Board Roles In Semi-Public Organisations

by THEFUTURE.TEAM

April 2, 2026

Strategic Transition Ahead Of 2026

The Government of Cyprus has launched a process to appoint new board members across semi-public organisations and advisory councils ahead of term expirations in 2026. The selection is conducted through the Expert Advisory Council mechanism, which is used to evaluate candidates and support appointment decisions.

Robust Application Process

Konstantinos Letympiotis said that 1,241 applications were submitted during the first implementation of the process in 2023. Applications covered board positions across 13 organisations, reflecting interest from professionals in public sector governance roles.

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Expanding Opportunities Across Leading Institutions

The current process includes 94 board positions across 12 organisations. Institutions involved include the Public Gas Company (DEFA), THOK, the Licensing Authority, the Urban Planning Council, RIK, HA EK, the Cyprus Symphony Orchestra Foundation, ATHEK, KOA, the Port Authority, the Cyprus Land Development Organisation, and the Construction and Technical Contractors Council. These roles cover sectors such as energy, culture, infrastructure, and public administration.

Clear Timelines And Evaluation Criteria

Applications will open on April 3, 2026, with submissions accepted until April 24, 2026, through an online platform. The Expert Advisory Council will assess candidates based on defined criteria and prepare a shortlist with three candidates per position. That shortlist will be submitted to the Cabinet for final selection. Interviews may also be conducted as part of the evaluation process.

An Invitation To Qualified Professionals

Authorities invited eligible candidates to submit applications for the available positions. The process is aimed at filling upcoming vacancies and maintaining governance structures across public organisations.

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