Cyprus October Bank Deposits Decline 0.2% to $93 Billion
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Deposits in Cyprus’s banks fell 0.2 percent to 69.7 billion euros ($93 billion) in October compared to the prior, the Central Bank of Cyprus said.
The decrease was the third consecutive monthly decline and showed a 3.5 percent drop in deposits owned by non-financial companies based outside the euro area to 12.4 billion euros, the central bank said in a statement on its web site today. Overall deposits belonging to residents of the east Mediterranean island rose 0.6 percent to about 44 billion euros.