Cyprus Banking Sector Sees Robust Growth In Deposits And Lending

by THEFUTURE.TEAM

March 27, 2026

Overview Of Banking Performance

Deposits in Cyprus increased by 4.7% year-on-year in February 2026, while loans rose by 12.3%, according to the Central Bank of Cyprus. Data show continued growth in both savings and lending. Monthly figures indicate a rebound in deposits and acceleration in credit activity. Trends reflect demand from households and businesses.

Rising Deposits And Strengthened Liquidity

Total deposits increased by €202.2 million in February, reversing a €851.2 million decline in January. Deposit stock reached €57.2 billion. Household deposits rose by €104.1 million. The increase reflects continued inflows from residents and stable savings activity.

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

Accelerated Credit Expansion

Loans increased by €326.2 million in February, compared to €76.4 million in January. Annual growth rate rose from 11.2% to 12.3%. Total loan stock reached €27.3 billion. Data indicate increased borrowing from households and non-financial corporations.

Sector Specific Trends

Loans to Cyprus residents increased by €110 million. Growth included €54.9 million for households and €60.7 million for non-financial corporations. Deposits from non-financial corporations declined by €32.2 million. Other domestic sectors recorded an increase of €178 million.

Conclusion

The latest figures from the CBC indicate that the Cypriot banking system remains resilient, with both deposit growth and credit expansion underpinning stable financial conditions. With robust household savings and strengthened lending to key sectors, the trends observed in February 2026 could lay the groundwork for sustained economic momentum in the near term.

The Future Forbes Realty Global Properties

Cyprus And Greece Outline Joint Tourism Plans For Summer 2026

by THEFUTURE.TEAM

May 1, 2026

Strategic Partnership Enhances Tourism Prospects

The Cyprus Tourism Authority (EOT Cyprus) presented proposals for summer 2026 focused on strengthening tourism cooperation between Cyprus and Greece, with joint efforts aimed at attracting visitors from long-haul markets.

Greece: The Top Destination For Cypriot Travelers

At an event on April 28, Athena Spakouri, Director of EOT Cyprus, said Greece is expected to remain the main travel destination for Cypriot residents, with plans extending beyond established locations to include lesser-known regions. This approach reflects a broader effort to diversify travel options while maintaining strong demand between the two countries.

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

Complementary Destinations, Unified Vision

Building on this, Spakouri noted that Cyprus and Greece offer complementary tourism experiences rather than competing directly. Joint programmes are therefore being positioned to attract visitors from markets such as the United States and China, while tourism activity continues to be assessed in the context of broader geopolitical developments.

Robust Air And Sea Connectivity

Supporting this cooperation, Konstantinos Kollias said around 600,000 Cypriots travelled to Greece in 2025. Frequent flights, short travel times, and ferry connections between Limassol and Piraeus continue to facilitate movement between the two countries and sustain travel flows.

Diverse Tourism Offerings for a New Era

Konstantinos Kollias highlighted that Greece’s tourism portfolio spans from traditional seaside holidays to sectors such as cultural, religious, gastronomic, agritourism, ecotourism, spa, conference, and medical tourism.

This range reflects the expansion of tourism offerings across different segments and travel preferences. In parallel, Joseph Iosif referred to Greece as a “second homeland” for Cypriot travellers, pointing to longstanding cultural and travel links between the two countries.

Innovative Programs And Strengthened Connections

Building on this approach, the EOT strategy includes initiatives focused on gastronomic routes, cultural trails, thematic and religious tourism, as well as curated city breaks in destinations such as Athens and Thessaloniki. These programmes were presented at the event alongside references to historical, cultural, and religious connections between Cyprus and Greece, including remarks from Bishop Gregorios of Mesaoria.

Boosting Air Connectivity And Island Accessibility

At the same time, airlines including Aegean Airlines, Sky Express, and Cyprus Airways outlined plans to expand connections between Cyprus and Greece, with a focus on increasing access to island destinations. The event also brought together stakeholders from the Deputy Ministry of Tourism, Hermes Airports, tour operators, and ACTAA, reflecting coordination across different parts of the tourism sector.

Breaking news