Household, company debt drop slightly in Q1 2016

Household debt fell slightly in Q1 2016, compared with the previous quarter, to 127.3% of GDP, or €22.2bln, the Cyprus Central Bank said recently.

Household financial assets reached €46.6bln, with 65% representing cash and deposits, 1% being bonds, 19% shares, and 15% other holdings.

Company financial assets reached €52.4bln – 14% in cash and deposits, 50% shares, 7% in loans, 2% in bonds, and 28% in other holdings.

The sector’s debt showed a slight reduction compared with the previous quarter, dropping to €39.5bln, or 226.9% of GDP.

Source: Cyprus Mail

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