Debt owed by households and businesses recorded a small drop on a quarter-to quarter basis in April to June, Central Bank of Cyprus data shows.
Financial assets of households were at the end of June 2018 €45.5 bln, 64% of which was cash and deposits, 2% securities, 20% shares and 14% other financial assets.
Household debt stood in June stood at €20.2 bln, or 100.2% of GDP, recording a small drop in relation to the previous quarter.
The drop is a significant 19% when compared to December 2016 when the debt of households was equivalent to 119% of GDP.
At the same time, non-financial company assets reached €58.8 bln, 16% of which accounts for cash and deposits, 7% loans, 1% securities, 49% shares and 27% of which concerns other financial assets.
The debt of non-financial companies stood at at €39.5 bln or 196.4% of GDP, also recording a small drop in relation to the previous quarter.
Compared to December 2016, when the debt was at 219% of GDP, the drop is greater and reaches 23%.
According to the data, financial assets of insurance companies were €3.9 bln, 12% of which was cash and deposits, 2% in loans, 25% in securities, 41% in shares and 20% in other financial assets.
Investment company assets in Q2 were €4.0 bln, 3% was invested in cash and deposits, 8% in loans and securities, 85% in shares and 4% in other financial assets.
Retirement funds investments were €3.6 bln of which 38% was invested in cash and deposits, 16% in loans, 2% in securities, 35% in shares and 9% in other financial assets.