Non-residents bank deposits surge seven percent in 2018. Overall deposit growth sufficient to finance private and public sectors

Customer deposits in commercial banks grew 2.8 percent last year to $173.2 billion on the back of a jump in non-resident deposits and in foreign currency deposits, according to Central Bank data.

Deposits denominated in foreign currencies, which account for 71 percent of total deposits, increased 5.8 percent. Deposits in the local currency dropped 3.6 percent over the same period.

Deposits by non-resident customers, representing 22 percent of overall deposits, jumped 7.3 percent y...

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