Private debt at 56.2 billion euros in the first quarter of 2022 | Stockwatch

0

Debt held by households and non-financial corporations at the end of the first quarter of 2022 amounted to 56.2 billion euros, according to quarterly financial accounts for the period ending in March 2022, published by the Central Bank of Cyprus (CBC).

According to the CBC, household debt in the first quarter of 2022 stood at €20.2 billion, corresponding to 84% of Cypriot GDP, marking a slight reduction from the previous quarter mainly due to GDP growth.

Compared to December 2016, the ratio of households to GDP marked a reduction of 32%, CBC added.

Debt held by non-financial corporations at the end of the first quarter of 2022 amounted to €36 billion with a debt-to-GDP ratio of 150%, registering a slight reduction compared to the previous quarter due to GDP growth .

The CBC noted that compared to December 2016, the ratio of corporate debt to GDP marked a significant reduction amounting to 62%.

Household financial assets at the end of March 2022 amounted to 58.8 billion euros, including 61% in deposits and loans in foreign currencies, 2% in bonds, 20% in equities and 17% in other financial assets, added the BCC.

Financial assets held by non-financial corporations amounted to 66.6 billion euros, of which 49% in shares, 29% in other financial assets, 17% in cash and deposits, 4% in loans and 1% in bonds.

In addition, the financial assets held by insurance companies amounted to 4.2 billion euros in the first quarter of 2022, while the financial assets of investment funds and pension funds amounted to 8 .6 billion euros and 3.9 billion euros, the CBC said.

Share.

Comments are closed.