Cypriot banking sector sees solvency ratio rise to 25.7 per cent

The solvency ratio of the Cypriot banking sector rose to 25.7 per cent in the first quarter of 2024, according to a report released this week by the Central Bank of Cyprus (CBC).

The report, which compiled key consolidated financial indicators for the sector, noted that the solvency ratio stood at 21.7 per cent during the same period in 2023, and 25.5 per cent seen during the fourth quarter of last year.

The figures indicate a significant improvement in efficiency, as the...