Commercial bank branches per 100,000 adults in Cyprus from 2014-2023

The number of commercial bank branches in Cyprus decreased to 21.12 branches per 100,000 adults compared to the previous year. This marks the lowest number of commercial bank branches during the observed period. Notably, the number of commercial bank branches is continuously decreasing over the last years.
Commercial banks are financial institutions which offer consumers and small to mid-sized businesses with basic banking services such as deposit accounts and loans. They make money from a variety of fees and by earning interest income from loans. A bank branch is a physical location of a banking corporation.

Find more statistics on other topics about Cyprus with key insights such as ratio of bank capital and reserves to total assets, number of automated teller machines (ATMs), and ratio of non-performing loans (NLP) to total gross loans.