DEPOSITS AND LOANS DECREASE IN JANUARY 2020

There was a general decline in the number of Deposits and loans during the first month of 2020 compared with the previous month, according to data released by the Central Bank of Cyprus (CBC). According to the official report, the balance of deposits in January 2020 amounted to €48.5bn, a... The post Deposits and loans decrease in January 2020 appeared first on Cyprus Mail.

cyprus-mail.com (Date:02/27/2020 15:34) Read full article >>

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Cyprus:
Bank: A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank is the connection between customers that have capital deficits and customers with capital
January: January is the first month of the year in the Julian and Gregorian calendars and one of seven months with the length of 31 days. The first day of the month is known as New Year's Day. It is, on average, the coldest month of the year within most of the Northern Hemisphere and the warmest month of t
Central Bank: A central bank, reserve bank, or monetary authority is a public institution that manages a state's currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a
Mail: Mail, or post, is a system for transporting letters and other tangible objects: written documents, typically enclosed in envelopes, and also small packages are delivered to destinations around the world. Anything sent through the postal system is called mail or post.
Deposits PhotoDeposits: A deposit account is a savings account, current account, or other type of bank account, at a banking institution that allows money to be deposited and withdrawn by the account holder. These transactions are recorded on the bank's books, and the resulting balance is recorded as a liability for the ba