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 170 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.
Bank concentration in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 82.4% | — |
| 2001 | 78.1% | -5.3% |
| 2002 | 77.9% | -0.2% |
| 2003 | 84.5% | +8.5% |
| 2004 | 90.7% | +7.3% |
| 2005 | 92.6% | +2.0% |
| 2006 | 91.0% | -1.7% |
| 2007 | 83.8% | -7.9% |
| 2008 | 78.3% | -6.5% |
| 2009 | 85.6% | +9.3% |
| 2010 | 86.1% | +0.6% |
| 2011 | 89.2% | +3.7% |
| 2012 | 86.9% | -2.6% |
| 2013 | 88.3% | +1.5% |
| 2014 | 88.8% | +0.6% |
| 2015 | 76.6% | -13.7% |
| 2016 | 70.4% | -8.1% |
| 2017 | 70.3% | -0.3% |
| 2018 | 74.7% | +6.3% |
| 2019 | 74.9% | +0.4% |
| 2020 | 75.5% | +0.7% |
| 2021 | 84.8% | +12.4% |
Cyprus compared with similar countries
- Cyprus's 84.8% is above the median for high income countries, which is 73.1%, 1.2× the median. (63 countries reporting)
- Cyprus's 84.8% is above the median for Europe & Central Asia, which is 68.9%, 1.2× the median. (50 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 84.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 62.06 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 84.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (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 170 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.
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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.