Central Bank Of Cyprus Reports January 2026 Financial Trends In Deposits And Loans

by THEFUTURE.TEAM

February 27, 2026

The Central Bank of Cyprus has published its latest statistics detailing deposits and loans for Monetary Institutions as of January 2026, as featured in the report Monetary and Financial Statistics – February 2026. The data underscores notable shifts in the banking sector, calling attention to both declining deposits and evolving loan dynamics.

Decline In Total Deposits

Total deposits recorded a net decrease of €851.2 million in January 2026, a reversal from the net increase of €877.1 million observed in December 2025. The annual rate of change for deposits dipped to 5.3% from 6.5% in the preceding month, positioning the overall deposit balance at €56.9 billion.

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Sector-Specific Deposit Trends

A closer examination reveals that deposits from Cypriot residents fell by €767.7 million. Within this segment, household deposits experienced a marginal uplift of €34.2 million, in stark contrast to non-financial corporations which saw a decline of €469.7 million. Moreover, other domestic sectors collectively posted a reduction of €332.2 million.

Rise In Total Loans

Conversely, overall loan figures climbed with a net increase of €76.4 million, albeit at a more subdued pace compared to the €587.2 million surge reported in December 2025. The annual growth rate for loans adjusted upward to 11.2% from 10.7%, pushing the cumulative loan balance to €26.9 billion.

Detailed Loan Breakdown

Further analysis identifies a €124.2 million increase in loans to Cypriot residents. Loans allocated to non-financial corporations advanced by €22.6 million, while household lending remained unchanged. The remaining domestic sectors contributed an additional €101.5 million to the increase in total loans, marking a differentiated performance across segments.

This comprehensive statistical release by the Central Bank of Cyprus provides an essential framework for understanding the prevailing financial conditions. The insights derived are critical for stakeholders as the nation navigates its economic policies and broader market trends.

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Ultrahuman Unveils Ring Pro As Smart Ring Competition Intensifies In The U.S.

by THEFUTURE.TEAM

February 27, 2026

Ultrahuman, the Bengaluru-based leader in wearable technology, has unveiled its third-generation smart ring, the Ring Pro, marking a significant step in the company’s efforts to reestablish its U.S. presence. With an extended battery life of up to 15 days and a completely redesigned form factor, the Ring Pro arrives as a strategic response following last year’s patent dispute with rival Oura.

New Design And Extended Battery Life

Ring Pro introduces a redesigned form factor alongside a dual-core processor and upgraded heart-rate sensing architecture aimed at improving data accuracy. The device is slightly heavier than its predecessor but offers enhanced on-device computing and the ability to store up to 250 days of health data. Priced at $479, the ring delivers up to 15 days of battery life, a notable increase compared to the four to six days offered by the Ring Air.

Overcoming Regulatory And Patent Hurdles

Ultrahuman’s U.S. operations faced disruption in October 2025 after the U.S. International Trade Commission ruled in favor of Oura in a patent dispute, restricting imports of new inventory. Existing stock remained available, but the decision pushed the company to redesign the product and reassess its U.S. strategy. The market remains critical for Ultrahuman, with American users accounting for roughly 45% of its 700,000 daily active users.

Introducing Jade: Real-Time Biointelligence

Alongside Ring Pro, Ultrahuman launched Jade, a real-time biointelligence system designed to provide actionable health insights instead of retrospective data summaries. According to co-founder and CEO Mohit Kumar, the system focuses on continuous analysis and real-time recommendations. Jade is available across the company’s ecosystem, including older ring models, reinforcing Ultrahuman’s AI-driven approach to wearable health monitoring.

Robust Financials And Expanding Market Influence

Despite legal and operational challenges, Ultrahuman continues to show strong financial performance. The company reports an annualized revenue run rate of approximately $150 million and operating revenue of $64 million for the fiscal year ending March 2025. Subscription services and additional offerings, including coaching programs and continuous glucose monitoring, continue to diversify revenue streams and support profitability.

Expanding Production And Global Reach

Ultrahuman is expanding production capacity as demand grows across international markets, including the UK, Canada, Australia, and India. Industry analysts note that the future of smart rings will depend on sensor precision, AI integration, and ecosystem connectivity — areas where Ultrahuman is actively investing.