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January Brings Shift In Financial Flow: Deposits Down, Loans Mixed

In a notable reversal from the previous month, January 2025 witnessed a net decrease in total deposits by €211.3 million, contrasting sharply with December 2024’s net increase of €977.4 million, according to the latest data from the Central Bank of Cyprus.

The decline was reflected in the annual growth rate of deposits, which stood at 6.9%, slightly up from 6.6% in December 2024, bringing the total outstanding deposits to €55.7 billion. This January decrease was particularly noted among Cyprus residents, who saw a drop of €81.2 million. Despite this, household deposits actually rose by €111.1 million, while non-financial corporations’ deposits fell by €57.1 million.

Conversely, total loans experienced a net decrease of €45.6 million, a stark contrast to the €503.2 million increase in December 2024. Yet, the annual growth rate of loans rose to 3.2%, up from 2.8% in December. Loans to households decreased by €10.2 million, while those to non-financial corporations showed a promising increase of €64.4 million.

For those keen on Cyprus’ emerging innovation sectors, our related article offers an insightful look at the island’s broader economic potential—unlocking opportunities that extend well beyond traditional financial metrics.

UnitedHealth Removes DEI Mentions From Website Amid Growing Shift In Corporate Policies

UnitedHealth Group has significantly reduced its public focus on diversity, equity, and inclusion (DEI) by removing related content from its website. 

The reasons for these changes remain unclear, and it’s uncertain whether the removal signals a shift in the company’s policies or simply a change in the language used. A UnitedHealth spokesperson, Tyler Mason, commented that the company continues to support a collaborative environment and mutual respect, which remain integral to its culture and mission to expand access to healthcare services.

The move coincides with a broader trend among major corporations, especially in the tech industry, retreating from DEI programs. This shift is partly in response to executive orders from the Trump administration targeting DEI initiatives in companies receiving federal funding. Some tech giants, including Google and OpenAI, have already scrubbed DEI-related content from their sites.

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