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Cyprus Sees Robust Growth in Deposits and Loans in September 2025

Strong Financial Trends Across the Board

The Central Bank of Cyprus reported significant financial gains for September 2025, with both deposits and loans registering substantial increases. According to the monthly edition of “Monetary and Financial Statistics,” total deposits surged by €670.2 million compared to a modest €44.3 million in August. This upbeat performance pushed the overall deposit base to €57.2 billion, reflecting a year-on-year growth rate of 6.3%—up slightly from 6% the previous month.

Deposits Driven by Non-Financial Sectors

The lift in deposits was primarily buoyed by residents in Cyprus, whose contributions climbed by €456.6 million. A closer examination reveals that non-financial companies played a pivotal role with a €397.2 million increase, while households experienced a minor contraction of €32.5 million. Additional domestic sectors recorded an uptick of €91.9 million, underscoring the diversified nature of the deposit growth.

Loan Portfolio Rebounds With Healthy Annual Gains

The data also highlighted a reversal in the previous month’s downturn in the loan market. Total loans expanded by €269 million, counterbalancing the €60.8 million decline seen in August, and bringing the total loan value to €26.6 billion. The annual increase in loans reached 7.9%, up from 7.2% in August. For residents, the loan component increased by €101.7 million, with households accounting for €13 million, non-financial companies contributing €84.1 million, and other domestic sectors adding €4.6 million.

Conclusion: A Positive Upswing in Cyprus’ Financial Landscape

This remarkable growth in both deposits and loans signals a resilient financial environment in Cyprus. With non-financial sectors driving much of this progress and a robust rebound in the lending market, the economic outlook appears positive as Cyprus continues to navigate a dynamic financial landscape.

Meta’s Muse Is Outpacing ChatGPT In Early Mobile Adoption, New Data Suggests

Meta’s new AI app, Muse, may be emerging as one of the company’s strongest consumer launches to date. Fresh estimates from market intelligence firm Apptopia suggest the app has outperformed ChatGPT in early mobile traction, at least in the U.S. and Canada.

According to Apptopia, Muse recorded more downloads in its first 12 days on the market than ChatGPT did during the comparable period after its mobile debut. The comparison, limited to the U.S. and Canada, puts Muse’s iOS downloads at 1.8 million versus 1.3 million for ChatGPT over the same initial window.

A Strong Early Start Across Platforms

In total, Muse has reached 2.8 million global installs in its first 12 days, according to the firm. The app’s momentum also appears to be holding. After debuting at No. 2 on the U.S. App Store, Muse has since climbed to No. 1, surpassing ChatGPT, according to reporting from Business Insider. Appfigures had previously estimated that Muse crossed 1 million downloads shortly after launch.

That early rise matters because app-store performance in the first days after launch often signals whether a product can sustain consumer attention beyond initial curiosity. In Meta’s case, the data suggests Muse is not simply benefiting from novelty; it is gaining ground quickly enough to challenge the category leader.

Daily Users Show Similar Momentum

Apptopia’s estimates point to another favorable comparison for Meta: daily usage. In the U.S. alone, Muse is said to have 642,000 daily active users, well above the 231,000 ChatGPT had at the same stage of its mobile rollout.

To make the comparison fairer, Apptopia also narrowed the analysis to iOS only, since ChatGPT launched on iPhone before expanding more broadly. Even under that tighter lens, Muse still comes out ahead, with 359,000 daily active users on iOS compared with ChatGPT’s earlier figure.

Why Meta Has An Advantage

Third-party estimates are not the same as internal company data, and Apptopia cannot see Meta’s proprietary numbers. Still, even directional data suggests Muse may be on track to become a meaningful consumer product for Meta.

That possibility is strengthened by Meta’s distribution advantage. The company has already demonstrated how powerful its ecosystem can be with Threads, which surpassed 500 million users after heavy promotion across Instagram and Facebook. Muse is likely to receive a similar boost, especially because it can connect across Facebook, Instagram, and WhatsApp.

Apptopia does not track Meta’s internal promotion strategy, but its data indicates that more than 95% of Muse users are also Facebook users, while 63% are Instagram users. That overlap underscores how effectively Meta can move users across its products when it chooses to prioritize a launch.

The Strategic Test For Meta

For Meta, the early signal from Muse is less about one app’s download count than about whether the company can turn its scale into durable AI adoption. The first test is attention. The harder one is retention.

If Muse can convert early downloads into habitual use, Meta may have found a new front door into its AI ambitions. If not, the app risks becoming another example of how easily mobile hype can spike before settling back down.

Meta, which was asked for comment, has not yet released public figures on Muse’s early adoption.

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