Cyprus Deposits And Loans Post Strong Gains In June As Corporate And Household Activity Accelerates

Deposits and loans in Cyprus recorded strong net increases in June 2026, according to data released on Monday by the Central Bank of Cyprus. Deposit balances expanded at a faster pace than in May, while lending also increased despite a slight slowdown in annual loan growth.

Deposits Rise By €601.2 Million

Total deposits increased by a net €601.2 million in June, compared with a €343.8 million increase in May, bringing the overall deposit balance to €58.7 billion. The annual growth rate eased slightly to 5% from 5.1% a month earlier.

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Deposits held by Cyprus residents rose by €626.2 million. Household deposits increased by €49.7 million, while deposits from non-financial corporations climbed by €480.3 million. Deposits from other domestic sectors rose by a combined €96.2 million.

Loan Balances Also Expand

Total loans increased by €499.4 million in June, up from a net increase of €260.3 million in May. Outstanding loan balances reached €28.6 billion. Annual loan growth slowed to 11.6% from 12.6% in May.

Loans to Cyprus residents rose by €213.7 million, driven by a €131.4 million increase in household lending and a €90.1 million rise in loans to non-financial corporations. Lending to other domestic sectors declined by €7.8 million overall.

Key Takeaways

June’s figures showed stronger monthly growth in both deposits and loans compared with May, while annual deposit growth remained broadly stable and annual loan growth moderated slightly.

Deposits continued to be supported by households and businesses, with non-financial corporations accounting for the largest monthly increase. Lending also expanded across the household and corporate sectors despite the slower annual growth rate.

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Bitcoin Surges 23% In A Week As Investor Optimism Returns

by News Editor

August 21, 2026

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

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Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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