The Central Bank of Cyprus published updated aggregate data showing that banking sector profits fell by EUR 122 million, or 21.1%, to EUR 456 million in the first half of 2026 from EUR 578 million a year earlier. The decline was mainly attributed to a foreign exchange loss. Total banking sector assets increased by EUR 1.146 billion, or 1.6%, during the second quarter to EUR 71.378 billion, driven primarily by growth in loans and advances and debt securities. The Common Equity Tier 1 ratio rose by 0.4 percentage points from the end of March to 25.5% at the end of June, as higher CET1 capital outweighed an increase in total risk exposure.
2026-09-17Central Bank of Cyprus
Central Bank of Cyprus reports 21.1% fall in first half banking profits, CET1 ratio rises to 25.5%
Cyprus banking sector profits fell 21.1% year over year to EUR 456 million in the first half of 2026, mainly because of a foreign exchange loss. Second quarter assets rose 1.6% to EUR 71.378 billion, while the CET1 ratio increased to 25.5%.