The Central Bank of Cyprus (CBC) has reported a significant increase in loans and deposits for March 2026, reflecting continued momentum in the country’s banking sector.

Total loans recorded a net increase of €528.1 million in March 2026, compared with a net rise of €326.2 million in February 2026.

The annual growth rate of total loans reached 12.6 per cent, up from 12.3 per cent in February 2026, while the outstanding balance of total loans stood at €27.9 billion in March 2026.

Meanwhile, loans to Cyprus residents rose by €72.3m during the month, the central bank added.

More specifically, loans to households increased by €52.3m, while lending to non-financial corporations rose by €37.3m.

At the same time, loans to other domestic sectors recorded an overall decrease of €17.3m.

Furthermore, the CBC’s latest report revealed that total deposits also recorded a strong increase, highlighting improved liquidity conditions.

Deposits posted a net increase of €426.8m in March 2026, compared with a rise of €202.2m in February 2026.

The annual growth rate of total deposits reached 5.6 per cent, up from 4.7 per cent in the previous month.

Additionally, the total outstanding balance of deposits climbed to €57.8bn in March 2026.

Deposits from Cyprus residents increased by €344.1m during the month. Household deposits, however, declined by €138.1m.

In contrast, deposits from non-financial corporations rose by €158.3m, the CBC stated.

Deposits from other domestic sectors recorded a substantial increase of €323.9m.

These other domestic sectors include investment organisations, other financial intermediaries, auxiliary financial institutions and bodies, financial subsidiaries and money lenders, insurance companies, pension funds and the general government.

The latest figures point to continued expansion in lending activity alongside rising deposit inflows, signalling resilience in Cyprus’ financial system.