Bank concentration in Cyprus
Cyprus: Bank concentration was 84.8% in 2021. ▼ Falling
Bank concentration in Cyprus, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
Cyprus recorded 84.8% for bank concentration in 2021.
That represents a change of up 12.4% on the previous year and down 4.9% over ten years.
Over the whole period, bank concentration in Cyprus peaked at 92.6% in 2005 and was at its lowest, 70.3%, in 2017.
Cyprus ranks 48th of 169 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 84.5% | 77.9% | 92.6% | 10 |
| 2010s | 80.6% | 70.3% | 89.2% | 10 |
| 2020s | 80.1% | 75.5% | 84.8% | 2 |
Countries ranked near Cyprus
More financial sector data for Cyprus
- Domestic credit to private sector by banks 56.6% (2024)
- Total reserves in months of imports 0.5319 (2025)
- Net domestic credit 24.91 billion current LCU (2024)
- Net foreign assets 31.88 billion current LCU (2024)
- Monetary Sector credit to private sector 56.7% (2024)
- Claims on central government, etc. 11.6% (2024)
- Domestic credit to private sector 56.7% (2024)
- Official exchange rate 0.885 LCU per US$, period average (2025)
- Net migration 7,749 (2025)
- GDP deflator: linked series 118.99 base year varies by country (2025)
Frequently asked questions
- What is bank concentration in Cyprus?
- Bank concentration in Cyprus was 84.8% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in Cyprus?
- The highest recorded value was 92.6% in 2005.
- What is the lowest bank concentration recorded in Cyprus?
- The lowest recorded value was 70.3% in 2017.
- How does Cyprus rank for bank concentration?
- Cyprus ranks 48th out of 169 countries with data for 2021.
- Is bank concentration rising or falling in Cyprus?
- Over the last ten years it is down 4.9%. The long-run trend across the full record is falling.
- Where does this Cyprus data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.