Total assets of investment funds increase by 3% in second quarter of 2017

The total assets of the investment funds increased by approximately 3% to €2.784,5 million in June 2017, compared with €2.704,1 million in March 2017, according to statistics released on Friday by the Central Bank of Cyprus.

The total assets of investment funds rose to €2.78 billion in the second quarter of the year, from €2.64 billion in the fourth quarter of 2016 and €2.70 billion in the first quarter of 2017.

According to the Central Bank statistics, the total deposits of investment funds increased at the end of the second quarter of the year to €225.7 million from €217 million at the previous quarter, while their loans decreased to €290 million, compared to €339.7 million at the end of March 2016.

source: CNA