Breaking news

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.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

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.

The Future Forbes Realty Global Properties

Cyprus Introduces €200 Million Support Measures To Cut Energy And Food Costs

by THEFUTURE.TEAM

March 27, 2026

Comprehensive Relief Measures For A Resilient Economy

The government of Cyprus introduced support measures exceeding €200 million to reduce household expenses and support key sectors. The package targets energy costs, food prices, tourism and agriculture. Measures come in response to rising costs and supply pressures. Implementation begins in April and May 2026.

Energy And Fiscal Reforms

The government will reduce VAT on electricity for households to 5% from May 1, 2026, to March 31, 2027. The measure is expected to lower energy bills. Special consumption tax on transport fuels will decrease by 8.33 cents per liter between April and June 2026. Policy targets fuel-related costs.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Broadening The Zero VAT Initiative

Authorities will expand the list of products with zero VAT. Meat, poultry and fish will be included from April 1 to September 30, 2026. Existing zero-VAT categories already include fruits and vegetables. The government also decided not to introduce a green tax on fuels, avoiding an additional cost of about 9 cents per liter.

Sector-Specific Supports

The package includes a 30% wage subsidy for hotel employees for April 2026. Measure supports tourism businesses during the early season. Support for airlines aims to maintain connectivity with key destinations. The agriculture sector will receive subsidies covering 15% of costs for fertilizers and supplies in April and May.

Economic Stability, National Security

President Nikos Christodoulidis said economic stability remains a priority for the government. He noted that growth, fiscal balance and inflation trends support current policy decisions. Statement links economic policy with broader national priorities. The government continues to monitor external risks.

Ensuring Consumer Protection

Furthermore, the government has mandated rigorous market oversight and intensified inspections to prevent exploitative pricing during this period of economic intervention. This proactive stance ensures that the benefits of the measures directly serve the citizens without unintended inflationary impacts.