Cyprus Loans Rise €528M In March As Deposits Increase €426M

by THEFUTURE.TEAM

April 29, 2026

The Central Bank of Cyprus reported increases in lending and deposit activity for March 2026. The data show changes in credit expansion and liquidity conditions across the banking system.

Substantial Loan Growth

Total loans increased by €528.1 million in March, compared with a €326.2 million rise in February. The annual growth rate reached 12.6%, up from 12.3% in the previous month. As a result, the total outstanding loan balance rose to €27.9 billion, reflecting continued expansion in credit activity.

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Focus On Residential And Corporate Lending

Loans to Cyprus residents increased by €72.3 million. Within this total, household lending rose by €52.3 million, while loans to non-financial corporations increased by €37.3 million. At the same time, lending to other domestic sectors declined by €17.3 million, indicating a shift in the distribution of credit across segments.

Enhanced Deposit Activity Bolsters Liquidity

Deposit activity also increased during the same period. Total deposits rose by €426.8 million in March, compared with €202.2 million in February. This development pushed the annual growth rate to 5.6% from 4.7%, with the total deposit balance reaching €57.8 billion.

Diverse Contributions Across Sectors

Deposits from Cyprus residents increased by €344.1 million. Within this category, household deposits declined by €138.1 million, while deposits from non-financial corporations rose by €158.3 million. In parallel, deposits from other domestic sectors increased by €323.9 million. These sectors include investment organizations, financial intermediaries, auxiliary financial institutions, insurance companies, pension funds, and government entities.

Market Resilience And Forward-Looking Insights

Taken together, the data show increases in both lending and deposit activity across the banking system. Credit expansion and deposit inflows are moving in parallel, affecting overall liquidity conditions. Future developments will depend on credit demand, deposit behaviour, and broader economic conditions.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

July 24, 2026

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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