Cyprus banking sector records growth in deposits and lending in March

The Cyprus banking system demonstrated notable activity in both the deposit and lending segments in March 2026, according to data from the Central Bank.

Total deposits in March showed a net increase of €426.8 million, significantly higher than the February figure of €202.2 million. The annual growth rate of deposits accelerated to 5.6% (compared to 4.7% the previous month), and the total volume of funds in accounts reached €57.8 billion.

The main contribution to the growth came from deposits of Cyprus residents, which increased by €344.1 million. At the same time, dynamics within sectors were mixed: household deposits decreased by €138.1 million, while non-financial companies increased their funds by €158.3 million. A significant increase was also recorded in other domestic sectors — by €323.9 million.

In parallel, credit activity also intensified. Total loans in March grew by €528.1 million after a February increase of €326.2 million. The annual credit growth rate reached 12.6%, and the total volume of the loan portfolio amounted to €27.9 billion.

Loans to Cyprus residents increased by €72.3 million. Specifically, loans to households grew by €52.3 million, and to non-financial companies by €37.3 million. At the same time, loans to other domestic sectors decreased by €17.3 million.

Thus, March confirmed a steady trend toward the activation of the banking sector, with simultaneous growth in both savings and the credit load in the country's economy.