Cypriot banks strengthen capital buffers, ECB figures confirm

Cyprus’ banking sector recorded one of the highest profitability and capital adequacy levels in the European Union at the end of 2024, according to the European Central Bank (ECB).

The figures revealed that Cypriot banks recorded the third-highest return on equity (RoE) across the EU at the end of December 2024, reaching 17.7 per cent.

This marked a notable rise from 14.7 per cent at the close of the third quarter of 2024, though slightly below the 21.9 per cent achieved at the end of 2023.