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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Shein Targets $25 Billion Valuation In Hong Kong IPO As Growth Slows

by News Editor

August 17, 2026

Shein is reportedly targeting a valuation of around $25 billion in its planned Hong Kong IPO, a sharp decline from the nearly $100 billion valuation the online fashion retailer achieved in a 2022 fundraising round.

Two people familiar with the plans said the company was likely to target about $25 billion, while another source put the expected range at $25 billion to $28 billion based on the proposed price band.

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IPO Valuation Falls Sharply

Shein plans to sell up to 8% of its shares in the offering, according to a person familiar with the plans. At a $25 billion valuation, that would translate into an IPO of as much as $2 billion.

The latest target is also below the $30 billion to $40 billion valuation the company was seeking earlier this month as it began meeting with potential investors.

Founded in China in 2012 and now headquartered in Singapore, Shein sells low-cost clothing to consumers in about 160 countries. The company is expected to launch its long-awaited Hong Kong IPO later this week.

Trade Restrictions Weigh On Growth

Shein’s valuation has come under pressure as major markets tighten rules affecting low-cost e-commerce shipments. The European Union, for example, has moved to impose additional fees on cheap parcels from platforms such as Shein and Temu. EU Tightens Rules On Low-Cost E-Commerce Parcels

In the U.S., the removal of an import duty exemption for small packages has also affected the company. Shein reported a $99 million quarterly loss in the first quarter of 2026 as sales growth slowed, while a one-time accounting charge further weighed on its results. Shein Reports First-Quarter Loss Ahead Of IPO

Investors Question Shein’s Growth Prospects

The steep reduction in valuation reflects growing concerns over slower growth, higher trade costs, regulatory pressure and stronger competition across global e-commerce.

Some investors who reviewed Shein’s recent financial statements or attended IPO presentations told Reuters they were skeptical that the company could return to the growth rates that supported its $98.2 billion valuation in 2022. Shein’s Slowing Growth Tests Investor Appetite

A lower IPO valuation could also affect Shein’s existing investors. Under the terms of its IPO filing, the company may have to issue additional shares to certain pre-IPO investors if its valuation falls below agreed thresholds.

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