The Central Bank of Cyprus has today published updated aggregate Cyprus banking sector data (profitability, balance sheet and capital adequacy data) with reference date 31 March 2025.
The profitability of the banking sector has declined for the first quarter of 2025 by €82 mn from €346 mn in March 2024 to €264 mn in March 2025. This decrease is primarily driven by a reduction in net interest income.
Total assets within the banking sector have risen in the first quarter of 2025 by €422 mn or 0,6%, from €65.604mn in December 2024 to €66.026 mn in March 2025. This growth is primarily driven by an increase in loans and advances, as well as in debt securities.
The Common Equity Tier 1 (CET1) ratio of the banking sector has improved in the first quarter of 2025 by 1,3 percentage points, rising from 24,7% in December 2024 to 26,0% in March 2025. This increase is primarily due to a reduction of total risk exposure amount, which has outweighed the slight decrease of the Common Equity Tier 1 Capital.
For the analytical data, please click here.