Commercial bank branches in Cyprus
Cyprus: Commercial bank branches was 18.51 per 100,000 adults in 2024. ▼ Falling
Commercial bank branches in Cyprus, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 100,000 adults.
Analysis
The most recent figure for commercial bank branches in Cyprus is 18.51 per 100,000 adults, measured in 2024. That is the lowest value across all 21 years on record.
The figure is down 5.9% on the previous year and down 48.4% over ten years.
Over the whole period, commercial bank branches in Cyprus peaked at 66.97 per 100,000 adults in 2004 and was at its lowest, 18.51 per 100,000 adults, in 2024.
That places Cyprus 46th out of 185 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Commercial bank branches in Cyprus, year by year
| Year | per 100,000 adults | Change |
|---|---|---|
| 2004 | 66.97 per 100,000 adults | — |
| 2005 | 62.19 per 100,000 adults | -7.1% |
| 2006 | 60.05 per 100,000 adults | -3.4% |
| 2007 | 59.83 per 100,000 adults | -0.4% |
| 2008 | 60.17 per 100,000 adults | +0.6% |
| 2009 | 59.1 per 100,000 adults | -1.8% |
| 2010 | 56.61 per 100,000 adults | -4.2% |
| 2011 | 53.87 per 100,000 adults | -4.8% |
| 2012 | 50.19 per 100,000 adults | -6.8% |
| 2013 | 37.5 per 100,000 adults | -25.3% |
| 2014 | 35.89 per 100,000 adults | -4.3% |
| 2015 | 34.06 per 100,000 adults | -5.1% |
| 2016 | 32.12 per 100,000 adults | -5.7% |
| 2017 | 46.94 per 100,000 adults | +46.2% |
| 2018 | 39.12 per 100,000 adults | -16.7% |
| 2019 | 33 per 100,000 adults | -15.6% |
| 2020 | 28.41 per 100,000 adults | -13.9% |
| 2021 | 25.93 per 100,000 adults | -8.7% |
| 2022 | 20.57 per 100,000 adults | -20.7% |
| 2023 | 19.66 per 100,000 adults | -4.4% |
| 2024 | 18.51 per 100,000 adults | -5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 61.38 per 100,000 adults | 59.1 per 100,000 adults | 66.97 per 100,000 adults | 6 |
| 2010s | 41.93 per 100,000 adults | 32.12 per 100,000 adults | 56.61 per 100,000 adults | 10 |
| 2020s | 22.62 per 100,000 adults | 18.51 per 100,000 adults | 28.41 per 100,000 adults | 5 |
Countries ranked near Cyprus
More financial sector data for Cyprus
- Net domestic credit (current LCU), per capita 18,337 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.6618 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -0.4317 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 15.61 million SDR (2025)
- Gold reserves at market value 1.42 billion SDR (2025)
- Reserves excluding gold, foreign exchange 216.14 million SDR (2025)
- Reserves excluding gold 729.85 million SDR (2025)
- Total reserves (gold at market value) 2.15 billion SDR (2025)
- Total reserves (gold at national valuation) 2.13 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,557 SDR per person (2025)
Frequently asked questions
- What is commercial bank branches in Cyprus?
- Commercial bank branches in Cyprus was 18.51 per 100,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest commercial bank branches recorded in Cyprus?
- The highest recorded value was 66.97 per 100,000 adults in 2004.
- What is the lowest commercial bank branches recorded in Cyprus?
- The lowest recorded value was 18.51 per 100,000 adults in 2024.
- How does Cyprus rank for commercial bank branches?
- Cyprus ranks 46th out of 185 countries with data for 2024.
- Is commercial bank branches rising or falling in Cyprus?
- Over the last ten years it is down 48.4%. 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 Commercial bank branches (per 100,000 adults). Statizoid updates them automatically from the source API.
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About this data
Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks that provide financial services to customers and are physically separated from the main office but not organized as legally separated subsidiaries.