Borrowers from commercial banks in Cyprus
Cyprus: Borrowers from commercial banks was 348.79 per 1,000 adults in 2024. ▼ Falling
Borrowers from commercial banks in Cyprus, 2015–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2024, borrowers from commercial banks in Cyprus stood at 348.79 per 1,000 adults.
The figure is down 0.2% on the previous year and down 4.9% over ten years.
Over the whole period, borrowers from commercial banks in Cyprus peaked at 428.61 per 1,000 adults in 2017 and was at its lowest, 298.78 per 1,000 adults, in 2021.
That places Cyprus 34th out of 112 countries with data for 2024, putting it in the middle of the range.
Borrowers from commercial banks in Cyprus, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2015 | 366.58 per 1,000 adults | — |
| 2016 | 357.54 per 1,000 adults | -2.5% |
| 2017 | 428.61 per 1,000 adults | +19.9% |
| 2018 | 338.84 per 1,000 adults | -20.9% |
| 2019 | 341.03 per 1,000 adults | +0.6% |
| 2020 | 303.26 per 1,000 adults | -11.1% |
| 2021 | 298.78 per 1,000 adults | -1.5% |
| 2022 | 347.87 per 1,000 adults | +16.4% |
| 2023 | 349.43 per 1,000 adults | +0.4% |
| 2024 | 348.79 per 1,000 adults | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 366.52 per 1,000 adults | 338.84 per 1,000 adults | 428.61 per 1,000 adults | 5 |
| 2020s | 329.63 per 1,000 adults | 298.78 per 1,000 adults | 349.43 per 1,000 adults | 5 |
Countries ranked near Cyprus
More financial sector data for Cyprus
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 11.41 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0052 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 157.68 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 3.35 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 532.45 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 34.48 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,570 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 33.35 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,557 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 60.58 % change on previous year (2025)
Frequently asked questions
- What is borrowers from commercial banks in Cyprus?
- Borrowers from commercial banks in Cyprus was 348.79 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Cyprus?
- The highest recorded value was 428.61 per 1,000 adults in 2017.
- What is the lowest borrowers from commercial banks recorded in Cyprus?
- The lowest recorded value was 298.78 per 1,000 adults in 2021.
- How does Cyprus rank for borrowers from commercial banks?
- Cyprus ranks 34th out of 112 countries with data for 2024.
- Is borrowers from commercial banks 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 Financial Access Survey, International Monetary Fund (IMF), published as part of Borrowers from commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.