Cyprus Bank Deposits Rebound As Lending Growth Accelerates

Cyprus’ banking sector recorded higher deposits and lending in May 2026, according to the latest monetary financial institutions data released by the Central Bank of Cyprus (CBC).

Deposits Rebound After April Decline

Total deposits increased by €343.8 million in May, reversing a net decline of €123.1 million recorded in April. The annual growth rate accelerated to 5.1%, up from 4.5% a month earlier. By the end of May, total deposits stood at €58 billion.

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

Cyprus residents accounted for most of the monthly increase, with deposits rising by €239 million. Household deposits grew by €171.3 million, while non-financial corporations increased their deposits by €194 million.

Those gains were partly offset by a combined decline of €126.2 million in deposits held by other domestic sectors.

Lending Growth Accelerates

Total loans increased by €260.3 million in May, compared with a €40.5 million rise in April. The annual growth rate also strengthened, reaching 12.6% from 12.0% the previous month. Outstanding loans totalled €28.1 billion at the end of May.

Lending to Cyprus residents rose by €173.7 million during the month. Household borrowing increased by €52.7 million, while loans to non-financial corporations grew by €63 million. Lending to other domestic sectors expanded by €58 million.

The Future Forbes Realty Global Properties

Clive Owen Films Scorpion In Cyprus In One Of The Island’s Biggest Productions

by THEFUTURE.TEAM

July 13, 2026

Cyprus Secures Another High-Profile Production

Oscar-nominated British actor Clive Owen is filming Scorpion in Cyprus, a new action thriller from Copper Island that is understood to have one of the highest daily production budgets ever recorded for a film shoot on the island.

Filming began in Cyprus on July 6 and is scheduled to conclude later this month in Bulgaria. The production marks another high-profile international project to choose Cyprus as a filming location.

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

A Cast Built For International Sales

Alongside Owen, the film stars Alex Pettyfer (Magic Mike, The Butler, The Ministry of Ungentlemanly Warfare) and Reda Elazouar (Sex Education, The Family Plan). The cast also includes Ronan Summers, Jake Ryan, Mark Rhino Smith, Joey Ansah, Alex Cooke and Luke Bouchier.

The screenplay is by Richard Hughes and Bennett Fisher. Copper Island’s Matt Murphy, David Mansfield and Luke Bouchier are producing, while WestEnd Films is handling international sales. The company is expected to present the first footage at the Toronto International Film Festival in September.

A Survival Thriller

Scorpion follows Jason, a rookie police officer assigned to an elite special operations unit made up of Afghanistan war veterans. After arriving at an isolated farmhouse, the team is cut off from the outside world and given an ultimatum: every 30 minutes one member will die unless someone reveals the truth about a covert military operation carried out years earlier.

Cyprus’ Role In The Production

The production credited the Cyprus Film Commission for its support, with Copper Island founder Matt Murphy thanking both the commission and the local crew.

Owen also praised the experience of filming in Cyprus, describing the local crew as highly professional and highlighting the island’s diverse filming locations.

Copper Island Expands Its International Portfolio

Limassol-based Copper Island has worked on several international productions, including The Leader, which premiered at Tribeca, as well as Gus Van Sant’s Dead Man’s Wire and Ron Howard’s Eden.

The company is also supporting Cypriot productions, including Apart by Stelana Kliridou and The Well by Marios Piperides, which is completing post-production in Limassol.

Matt Murphy is also serving as executive producer of the upcoming Anxious People, starring Angelina Jolie.

Breaking news