Profitability in the Cyprus banking sector has declined over the past year, according to updated consolidated data published by the Central Bank of Cyprus, with a reference date of 30 September.

Bank profitability decreased by €237 million, falling from €953 million in September 2024 to €716 million in the same month this year.

This decline is mainly attributed to a reduction in net interest income.

Total assets of the banking sector increased in the third quarter of 2025, rising from €66.97 billion in June to €67.8 billion in September this year.

This increase is mainly due to a rise in loans and advances.