Friday March 6, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Private sector deposits in Cyprus banks tick up in March

Private-sector deposits in Cypriot banks rose slightly in March, the first monthly increase since November, while deposits in other southern European countries hit by the eurozone debt crisis remained relatively stable, ECB data showed.

Big account holders in Cyprus's two largest lenders were forced to take a hit as part of an international bailout for Cyprus last year and private sector deposits at all banks on the island had been broadly declining since June 2012.

In March, private-sector deposits at Cypriot banks rose by 0.5 percent to 34.6 billion euros ($47.90 billion) from the previous month, European Central Bank data showed on Tuesday. The deposits are about 32 percent below their peak of 50.5 billion euros in May 2012.

Banks in the eurozone member state were shut for nearly two weeks last March after Cyprus agreed a 10-billion-euro bailout under which major depositors had to pay part of the cost of the rescue. Capital controls are still in place, with limits on how much people can transfer from their accounts, although Cyprus is gradually easing the restrictions.

In Italy, private-sector deposits rose by 0.9 percent in March and they rose by 1.0 percent in Greece and by 0.2 percent in Portugal, the ECB data showed.

Monthly fluctuations in the figures are common, though sharp consecutive drops in countries with stable banking systems are unusual.

The data are not seasonally adjusted and differ slightly from national central bank figures. They exclude deposits from central government and banks.

[Reuters]

ekathimerini.com , Tuesday April 29, 2014 (12:39)  
Cash-strapped Greece repays first part of IMF loan due in March
Greece must repay loans in full, bailout fund head says
Jobless rate starts picking up again
Election lifted consumers’ mood
Greek and German bruisers limber up for ´rumble in the eurozone´
They are both tough men of a certain age used to getting their way. In one corner stands Wolfgang Schaeuble, the dry 72-year-old German Finance Minister and self-appointed guardian of the Eu...
BoG chief Stournaras briefs PM Tsipras on ECB´s decisions on Greece [Update]
Bank of Greece Governor Yannis Stournaras visited Prime Minister Alexis Tsipras on Friday to brief him on discussions at the meeting of the European Central Bank's governing council in Nicos...
Inside News
BASKETBALL
Barcelona beats Panathinaikos once more
For the fourth time this season Panathinaikos failed to beat Barcelona, this time in Athens, losing 81-77 on Thursday and denting its chances for a privileged top-two finish in its Euroleagu...
SOCCER
Iraklis, Apollon and Xanthi in Cup semis
The prospect of a second-division team reaching the Greek Cup final has grown considerably after two out of the three teams that made the semifinals this week come from the Football League. ...
Inside Sports
COMMENTARY
PISA, Schengen, mediocrity and isolation
Greece’s most serious problem is not the economic and political crisis, though it did contribute greatly to it. At the root of our evil lies our great isolation, not only from our partners i...
COMMENTARY
Balancing the Greek budget: The ancient Athenian perspective
Is democracy good for balancing a budget? For many today the answer is a resonating no. This answer is easy to understand. In the birthplace of democracy, Greece, the state’s budget is a mes...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Cash-strapped Greece repays first part of IMF loan due in March
2. Greek and German bruisers limber up for ´rumble in the eurozone´
3. Greece must repay loans in full, bailout fund head says
4. BoG chief Stournaras briefs PM Tsipras on ECB´s decisions on Greece [Update]
5. Barcelona beats Panathinaikos once more
6. Iraklis, Apollon and Xanthi in Cup semis
more news
Today
This Week
1. BoG chief Stournaras briefs PM Tsipras on ECB's decisions on Greece [Update]
2. Greece must repay loans in full, bailout fund head says
3. Greek and German bruisers limber up for 'rumble in the eurozone'
4. Cash-strapped Greece repays first part of IMF loan due in March
5. Greek-Turkish relations
6. Greece seeks to plug its 'Bermuda Triangle' of lost taxes
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. The Greek tax drama
3. SYRIZA feeling the pain
4. Varoufakis to make six reform proposals at Monday's Eurogroup
5. The unlikely winners of Greece's surrender on euro
6. Tsipras reversal draws Greek sympathy as party rumblings rise
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.