Since 1970
Call us: +357 (24) 822 870 // www.palourtis.com

Newsletter

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

Stability in deposits after months

Nicosia: The best picture of recent months shows the financial system and for the first time since July, deposits in November grew. A month after the announcement of the results of stress tests of resistance, that demonstrated the solvency and capital soundness of financial institutions, deposits of Cypriots are beginning to return to the funds of banks. According to Central Bank data, total deposits in November 2014 showed a net increase of € 86,6 m., Compared to a net reduction € 212,9 million. October 2014. The annual rate of change was -4.4% in compared with -4.9% in October 2014. The balance of deposits in November 2014 amounted to € 45,8 billion. The marginal growth of the deposit portfolio of credit institutions due to the behavior of depositors Cypriots, who as seen begin to return Money back the funds. Their deposits increased to € 32,2 billion. From € 32 billion. Last month and € 32,9 billion. The eleventh month of 2013. Marginal improvement begins and presents the difference of loans and deposits. The gap between loans and deposits is fallen to € 12,9 bn. in November from € 13,77 bn. that was in October and the beginning of time the difference was € 16,6 billion. According to the Central Bank increased € 43 million. showed deposits non-financial corporations and € 22,5 million. The household deposits. The insurance companies and pension funds deposits decreased by € 15,9 million. The Eurozone residents include deposits and Greece fell by € 155 million. In € 1,9 billion. While the third country residents deposits increased by € 12 million . to € 11,6 billion. The deleveraging of the loan portfolio continues slowly. The data show that dystocia deleveraging of bank balance sheets located in business credits. Total loans in November 2014 showed a net increase of € 7,7 mil., compared to a net reduction € 221,7 million. October 2014. The annual rate change was -2.4% compared to -2.2% in October 2014. The balance of loans in November 2014 amounted to € 58,7 billion. Consumer loans to residents decreased by 3.9% against a decline of 4 , 7% in October and was to € 2,90 billion. while in mortgages the decrease amounted to 2.6% in November from 2.9% in October. The balance of mortgage loans was € 13,47 billion. from € 13,52 bn. in October and € 13,70 bn. last year. The rest loans to companies was € 26,38 billion. End of November from € 27,18 bn. In October while a year ago it was at € 28,99 billion. The annual rate of change was -2.5% in November, in October was at -2.1% a year ago was at -9.8%. Loans to residents showed no change compared with a fall of 0.4% in October and 5.9% decline in November last year. The pace of deleveraging the balance sheets of banks in Cyprus lags behind the course followed by the banks balance sheets of other countries receiving support of the Eurozone countries and the IMF. The dystocia deleveraging of bank balance sheets associated with the large size of non-performing loans. Total non-performing loans stood at the end of October 2014 to € 28,2 bn., Which is the 48.96% of total loans. Since June 2013 the Central Bank started to publish aggregated data for non-performing loans, the balances have been burdened with additional problematic loans worth € 7 bn., About 40% of GDP. He writes: Theano Theiopoulou - See more at: http://www.philenews.com/el-gr/oikonomia-kypros/146/235271/statherotita-stis-katatheseis-meta-apo-mines#sthash.12APpW0j.dpuf