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The Central Bank of Cyprus released updated data Wednesday showing a decline in bank profits, an increase in assets, and a stronger capital position for the first quarter of 2025.
Banking sector profits dropped by €82 million, falling to €264 million in March 2025 from €346 million a year earlier. The decline was primarily driven by a decrease in net interest income.
Total assets rose by €422 million, or 0.6%, reaching €66.03 billion at the end of March, up from €65.60 billion in December 2024. The increase was largely due to growth in loans, advances, and debt securities.
The sector’s Common Equity Tier 1 (CET1) capital ratio improved by 1.3 percentage points, climbing to 26.0% in March from 24.7% at year-end 2024. This gain was mainly the result of a reduction in total risk exposure, which more than offset a slight decline in CET1 capital.
