Foreign banks among total banks (%) in Cyprus
Cyprus: Foreign banks among total banks (%) was 63.0% in 2013. ▲ Rising
Foreign banks among total banks in Cyprus, 1995–2013
Source: Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10. Measured in %.
Analysis
Cyprus recorded 63.0% for foreign banks among total banks in 2013. That is the highest value across all 19 years on record.
That represents a change of up 6.8% on the previous year and up 1.6% over ten years.
Over the whole period, foreign banks among total banks in Cyprus peaked at 63.0% in 2013 and was at its lowest, 55.0%, in 1995.
That places Cyprus 41st out of 137 countries with data for 2013, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Foreign banks among total banks (%) in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 55.0% | — |
| 1996 | 57.0% | +3.6% |
| 1997 | 57.0% | +0.0% |
| 1998 | 57.0% | +0.0% |
| 1999 | 57.0% | +0.0% |
| 2000 | 57.0% | +0.0% |
| 2001 | 60.0% | +5.3% |
| 2002 | 62.0% | +3.3% |
| 2003 | 62.0% | +0.0% |
| 2004 | 58.0% | -6.5% |
| 2005 | 60.0% | +3.4% |
| 2006 | 60.0% | +0.0% |
| 2007 | 60.0% | +0.0% |
| 2008 | 60.0% | +0.0% |
| 2009 | 60.0% | +0.0% |
| 2010 | 56.0% | -6.7% |
| 2011 | 59.0% | +5.4% |
| 2012 | 59.0% | +0.0% |
| 2013 | 63.0% | +6.8% |
Cyprus compared with similar countries
- Cyprus's 63.0% is above the median for high income countries, which is 36.0%, 1.8× the median. (53 countries reporting)
- Cyprus's 63.0% is above the median for Europe & Central Asia, which is 50.0%, 1.3× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 56.6% | 55.0% | 57.0% | 5 |
| 2000s | 59.9% | 57.0% | 62.0% | 10 |
| 2010s | 59.2% | 56.0% | 63.0% | 4 |
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 foreign banks among total banks in Cyprus?
- Foreign banks among total banks in Cyprus was 63.0% in 2013, according to Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10.
- What is the highest foreign banks among total banks recorded in Cyprus?
- The highest recorded value was 63.0% in 2013.
- What is the lowest foreign banks among total banks recorded in Cyprus?
- The lowest recorded value was 55.0% in 1995.
- How does Cyprus rank for foreign banks among total banks?
- Cyprus ranks 41st out of 137 countries with data for 2013.
- Is foreign banks among total banks rising or falling in Cyprus?
- Over the last ten years it is up 1.6%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10, published as part of Foreign banks among total banks (%). Statizoid updates them automatically from the source API.
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About this data
Percentage of the number of foreign owned banks to the number of the total banks in an Economy. A foreign bank is a bank where 50 percent or more of its shares are owned by foreigners.