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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Cyprus Ranks Among EU Leaders In Tertiary-Educated ICT Workforce

by THEFUTURE.TEAM

May 25, 2026

High Educational Attainment Sets Cyprus Apart

Recent data from Eurostat showed that Cyprus is expected to rank among the leading European countries for tertiary-educated ICT professionals in 2025. According to the figures, 96.4% of ICT professionals in Cyprus are projected to hold tertiary education qualifications, placing the country among the highest-ranked members of the European Union.

Gender Disparity Remains A Critical Challenge

Despite the high level of educational attainment, the ICT workforce in Cyprus continues to show a significant gender imbalance. Men are projected to account for 85.1% of ICT employees in 2025, while women are expected to represent 14.9% of the sector. In 2024, the split stood at 70.9% for men and 29.1% for women. The figures highlighted a widening gender gap within the country’s ICT workforce.

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European Union Trends And Comparative Analysis

Across the European Union, the number of ICT professionals is projected to increase to 3.4 million in 2025 from 3.2 million in 2024, representing annual growth of 5.1%. Men are expected to account for 83.4% of ICT employment across the bloc, equivalent to approximately 2.8 million workers, while women are projected to represent 16.6%.

National Performance Variability In Gender Representation

Countries within the EU show a varied landscape: the highest percentages of male ICT professionals are reported in the Czech Republic (92.9%), Slovenia (89.1%), Latvia (89.0%), Lithuania (88.9%), and Slovakia (88.4%). On the contrary, nations such as Denmark (30.0%), Sweden (29.8%), Romania (28.6%), Bulgaria (25.6%), and Croatia (25.2%) lead in female participation in the ICT arena.

Educational Background Across The European ICT Sector

Eurostat data also showed that most ICT professionals across the EU hold tertiary education qualifications. By 2025, 74.8% of ICT workers in the bloc are projected to have university-level education, while 25.2% are expected to hold secondary or post-secondary qualifications. Denmark recorded the highest share of tertiary-educated ICT professionals at 97.7%, followed by France at 96.6% and Cyprus at 96.4%. Other countries with high levels of tertiary-educated ICT workers included Ireland at 92.3%, Bulgaria at 91.1%, and Croatia at 90.9%. At the lower end of the ranking, Italy recorded 69.2%, while Portugal stood at 58.8%.

Conclusion

The data perfectly encapsulates the dual narrative in the ICT sector: while countries like Cyprus and Denmark achieve remarkable educational standards among ICT workers, persistent gender disparities remind us that diversity remains an ongoing challenge. As the ICT landscape continues to evolve, strategic policy formation and corporate governance will be pivotal in balancing excellence with inclusivity.

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