ECONOMY

Cypriot deposits continued to slide in August

Consumers and companies continued to withdraw deposits from banks in Cyprus in August, where big-account holders in the two largest lenders were forced to take a hit as part of an international bailout.

Private sector deposits fell by 2.1 percent to 35.9 billion euros after a 2.4 percent fall in July, European Central Bank data showed.

[Reuters]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.