Household financial wealth in Cyprus stood at €61.9 billion by the end of March 2025, while household debt was equivalent to 58% of GDP, according to the latest Quarterly Financial Accounts released by the Central Bank of Cyprus (CBC). The debt burden of non-financial corporations was notably higher, at 120% of GDP.
Household Assets and Debt
The CBC report highlights that households maintained €19.8 billion in financial instruments, reflecting a small decrease from the previous quarter, partly due to GDP growth. Household debt, however, continues to show significant improvement, having fallen by 60% since December 2016.
The structure of household financial assets was as follows:
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54% in cash, deposits, and loans
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3% in debt securities
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25% in shares and equity
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18% in other financial instruments
Corporate Sector Finances
The financial assets of non-financial corporations reached €70.6 billion at the end of March. These were distributed as:
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20% in cash and deposits
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7% in loans
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0.6% in debt securities
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37% in shares
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35% in other financial instruments
Corporate debt totalled €40.7 billion, with the debt-to-GDP ratio slightly lower compared to the previous quarter, reflecting GDP growth. Since December 2016, this ratio has decreased by 86%, underlining progress in deleveraging.
Other Financial Sectors
The CBC report also provided insights into other parts of the financial system:
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Insurance sector: €5.7 billion in assets, primarily 46% in shares, 29% in debt securities, and 16% in other instruments.
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Investment funds: €7 billion in assets, with the majority (79%) in shares.
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Pension funds: €4.6 billion in investments, allocated 55% in shares, 15% in cash and deposits, and 14% in loans.
The data underscores the improving financial position of both households and corporations, with falling debt ratios suggesting greater long-term stability in the Cypriot economy.
Source: Stockwatch.com.cy