Cyprus September Bank Deposits Rise 4.6% to 69.8 Billion Euros

Oct. 31 (Bloomberg) -- Deposits at Cyprus’s banks rose 4.6 percent in September from a year earlier, the central bank said.

Deposits rose to 69.8 billion euros ($98 billion) from 66.7 billion euros at the end of September 2010 and were almost unchanged from the previous month, the Central Bank of Cyprus said in a statement on its website today.

Deposits at units of Greek banks fell 7.8 percent in September to 7.6 billion euros from 8.2 billion euros a year earlier and by 1.1 percent from the previous month.

--Editors: James Kraus, Peter Branton

To contact the reporter on this story: Stelios Orphanides in Nicosia at sorphanides@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net