Money supply of
Central Bank of Cyprus
Iliescu Mihai
Bustiuc Vlad
Aurelio Ciro
Contents
1. Main assets and liabilities
2. Monetary base
3. Monetary aggregates
The Central Bank of Cyprus Balance
Sheet at 31 December 2015 Assets
The Central Bank of Cyprus
Balance Sheet at 31 December
2015 Liabilities
Banknotes in circulation
Liabilities to euro area credit institutions related to monetary policy operations
denominated in euro
Other liabilities on euro area credit institutions denominated in euro
Debt certificates issued
Liabilities to other euro area residents denominated in euro
General government
Other liabilities
Liabilities to non-euro area residents denominated in euro
Liabilities to euro area residents denominated foreign currency
Liabilities to non-euro area residents den. in foreign currency
Counterpart of special drawing rights allocated by the IMF
Intra-Eurosystem liabilities
Items in course of settlement
Other liabilities
Provisions
Revaluation accounts
Capital and reserves
Total Liabilities
213.977
7.296.0
60
0
0
901.728
862.462
39.266
21.359
74.094
0
169.031
9.241
35.030
407.814
285.000
424.762
249.024
12.012.
915
Evolution of assets 2008 - 2016
As we can see from the chart below, the number of Total Assets for the Central Bank of
Cyprus has risen to their top peak in 2011, reaching 15.158.770.000 euros, but then
followed by a decay in 2014 when they hit the number of 11.730.391.000 euros. All in
all, following their ongoing trend, the Central Bank of Cyprus are in an ascensional rise
Influential factors in Asset evolution
Influential factors in Asset evolution
Evolution of Liabilities
Influential factors in Liability
evolution
Influential factors in Liability
evolution
Total Deposits of non MFIs held with
MFIs
Total deposits of non-MFIs held
with MFIs, by institutional
sector
Money Supply M1 in Cyprus increased to 4429 EUR Thousand in
December from 4209 EUR Thousand in November of 2007.
Money Supply M1 in Cyprus averaged 1780.44 EUR Thousand
from 1993 until 2007, reaching an all time high of 4429 EUR
Thousand in December of 2007 and a record low of 792 EUR
Thousand in February of 1993. Money Supply M1 in Cyprus is
reported by the Central Bank Of Cyprus.
Money Supply M2 in Cyprus increased to 18440158 EUR Thousand
in November from 18178113 EUR Thousand in October of 2007.
Money Supply M2 in Cyprus averaged 10874443.64 EUR Thousand
from 1997 until 2007, reaching an all time high of 18440158 EUR
Thousand in November of 2007 and a record low of 6024459 EUR
Thousand in February of 1997. Money Supply M2 in Cyprus is
reported by the Central Bank of Cyprus.
Money Supply M3 in Cyprus increased to 23374 EUR
Thousand in December from 22649 EUR Thousand in
November of 2007. Money Supply M3 in Cyprus averaged
11203.29 EUR Thousand from 1993 until 2007, reaching an
all time high of 23374 EUR Thousand in December of 2007
and a record low of 4451 EUR Thousand in January of 1993.
Money Supply M3 in Cyprus is reported by the Central Bank
Cypriot banking system's assets
as a percentage of GDP
The domestic banking sector, represented by 2012, 550%
of its GDP. Following the decision adopted by the
Eurogroup on 25 March 2013, the two largest banks of the
country (Cyprus Popular Bank and Bank of Cyprus) have
undergone restructuring in order to decrease the size of
the banking sector as a percentage of GDP of the country
and bringing the media EU until 2018. Cyprus economy
and performance objectives achieved by the banking
sector in the last two years has been welcomed
internationally. The rating upgrades and positive banking
results 2015 ended the prolonged uncertainty in the
banking sector in Cyprus. Today, the situation is stable
return with confidence in banks in the country following
the lifting of all internal controls capital and a return to
international markets with successful bond issues that
raise more than 2 billion .
Loans and deposits (absolute and
relative values)
In late October 2015, the total amount of deposits in the Cypriot
banking sector, including banks and cooperatives reached over
47 billion, showing a net increase of 287.9 million and an
annual growth rate of 0.4% .
Bank loans nonperforming loans to
total 2008-2015 (%)
A major obstacle that has Cyprus to overcome is the high rate of
bad loans, which was located at 47.8% of total loans at the end
of September 2015. Following the adoption of a law that allows
banks to sell loans to third parties, together with the law of
foreclosure, some banks are looking at opportunities to sell
higher exposures in order to diversify risk - a practice applied by
other creditors European
Total deposits in 2016
Cyprus has already received praise from its
international creditors to adopt strong
measures to rebuild its financial institutions
and implementing a healthy bill through
rigorous independent audits, which stops any
charges of a weak system of combating money
laundering. Conversely, assessments indicated
that Cyprus has a high level of compliance in
the banking sector, some legal requirements
are more stringent than in other Member
States of the European Union.
Total depozite 2016
Mil.Euro
Luna
National
residents
Other
residents
of euro
zone
Residents from
rest of the world
Jan.
Feb.
Mar.
Apr.
33,371.95
33,613.85
33,494.95
33,642.78
2,725.97
2,748.79
2,807.84
2,860.21
10,036.38
9,856.78
9,433.96
9,390.25
Coin storage
Mil. Euro
Luna
EURO
USD
GBP
JPY
CHF
Jan.
36,111.32
8,710.24
770.61
4.69
45.63
Feb.
36,167.13
8,827.57
746.83
4.98
43.76
Mar.
36,195.15
8,272.91
746.18
4.12
46.03
Apr.
36,312.12
8,265.30
762.52
5.11
42.25
Compared with previous periods, the annual growth rate
calculated as the average for these four months analyzed is
4.2% for EUR, USD -6.3% to 0.4% for sterling, -24.4% to JPY
and -6.1% for CHF. From here you can easily notice that
most deposits are in euros, followed at a distance of
deposits in pounds and being the fewest deposits in
Japanese Yen.
Total loans in 2016
Compared with previous periods, as the annual growth rate averaged
analyzed for these four months is -7.5% on loans to domestic residents,
here seen a dramatic drop from the average 2015 rate which was 0.2 %.
For loans to other euro area residents average annual growth rate for
these four months was analyzed by -9.9% -30.4% but compared to 2015
as recorded real growth is observed. The annual growth rate for
residents of the rest of the world in 2016 is -6.7% decrease compared to
2015 where the average was -3.9%.
Mil. Euro
Mont
h
Jan.
Feb.
Mar.
Apr.
National
Residents
48,087.40
48,011.54
46,912.20
46,878.07
Other residents of
Euro Zone
3,462.82
3,464.71
3,338.09
3,402.26
Residents from
the rest of the
world
7,882.43
7,703.55
7,273.19
7,151.39
Currency lending
Mil.
Euro
Month
EURO
USD
GBP
JPY
CHF
46,287.5
9 9,515.70
341.62
157.32 2,406.01
46,188.8
Feb.
1 9,320.09
338.85
168.97 2,431.60
45,494.8
Mar.
6 8,470.03
339.30
173.02 2,306.67
As can be seen above, loans were given mainly in Euro, the
45,517.2
Apr.
annual growth rate calculated
average
for euro
loans in
2 8,331.37as the
347.57
179.14
2,288.33
Jan.
2016 is -0.4% with a slight increase compared to 2015 when the
average rate reached 1.9%. Another increase can be observed in
loans denominated in Japanese yen, as the average growth rate
for the first months of 2016 is -3.9% compared to -18.4% in
2015 when the rate reached.
Biography & Webography
European Central Bank; Banking Structures
Report; November2013
www.tradingeconomics.com
http://
www.tradingeconomics.com/cyprus/money-su
pply-m3
http://www.centralbank.gov.cy/nqcontent.cfm
?a_id=9837
