The Central Bank of Cyprus has released updated aggregated data for the Cyprus banking sector on profitability, balance sheet and capital adequacy with a reference date of 31 March 2025. The update shows lower profitability in the first quarter of 2025 alongside an increase in total assets and an improvement in the Common Equity Tier 1 (CET1) ratio. Sector profitability fell by EUR 82 million, from EUR 346 million in March 2024 to EUR 264 million in March 2025, mainly reflecting lower net interest income. Total assets rose by EUR 422 million (0.6%) in the first quarter of 2025, from EUR 65,604 million in December 2024 to EUR 66,026 million in March 2025, driven primarily by higher loans and advances and debt securities. The CET1 ratio increased by 1.3 percentage points over the same period, from 24.7% at end-2024 to 26.0% in March 2025, largely due to a reduction in total risk exposure that offset a corresponding weak decrease in CET1 capital.
Central Bank of Cyprus 2025-07-16
Central Bank of Cyprus publishes aggregated banking sector data to 31 March 2025 showing profit down to EUR 264 million and CET1 up to 26.0%
The Central Bank of Cyprus reported a decline in banking sector profitability by EUR 82 million in Q1 2025, attributed to lower net interest income. Total assets increased by EUR 422 million, driven by higher loans and advances and debt securities. The Common Equity Tier 1 (CET1) ratio improved by 1.3 percentage points to 26.0%, due to reduced total risk exposure.