Cyprus: Depositors with commercial banks (per 1,000 adults)

Key figures

Over five years it is down 7.77% from 1,397 in 2019 (1.6% a year on average, compounded). Since 2015 it is up 58.17% from 814.35 in 2015 (5.23% a year on average, compounded).

What the numbers say

In 2024, Cyprus' depositors with commercial banks (per 1,000 adults) fell 10 on 2023 (from 1,298 to 1,288).

Across the 8 yearly changes before that (2016 to 2023), the average change was +60.46 and a typical year strayed about 175.32 from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 474.12 in 2017 and the biggest yearly fall was 72.89 in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 44.01 a year. A straight line explains 41% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Cyprus had the 27th highest value of the 74 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Cyprus in the 2024 ranking

• Paraguay — 23rd of 74: 1,403
• Poland — 24th of 74: 1,373
• Uruguay — 25th of 74: 1,327
• Latvia — 27th of 74: 1,275
• Hungary — 28th of 74: 1,263
• Kuwait — 29th of 74: 1,252

What this measures

Depositors with commercial banks are the reported number of deposit account holders, including both resident non-financial corporations (both public and private) and individuals from the household sector, at commercial banks within the reporting jurisdiction for every 1,000 adults. The major types of deposits are checking accounts, savings accounts, and time deposits.

Limitations: For many countries data cover the total number of deposit accounts due to lack of information on account holders.

Regional and income-group figures are computed by the World Bank as a median.

All 10 values

Depositors with commercial banks (per 1,000 adults) in nearby economies

• Azerbaijan — 1,949 (2024)
• Croatia — 1,545 (2024)
• Estonia — 2,150 (2024)
• Georgia — 1,091 (2024)
• Hungary — 1,263 (2024)
• Italy — 773.04 (2024)
• Kyrgyz Republic — 1,799 (2024)
• Latvia — 1,275 (2024)
• Moldova — 1,817 (2024)
• North Macedonia

More financial sector data for Cyprus

• Consumer price index (2010 = 100) — 119.37 (2025)
• Inflation, consumer prices (annual % growth) — 0.13% (2025)
• Official exchange rate (LCU per US$, period average) — US$0.88 (2025)
• DEC alternative conversion factor (LCU per US$) — US$0.88 (2025)
• GDP deflator (base year varies by country) — 118.99 (2025)
• Inflation, GDP deflator (annual % growth) — 1.11% (2025)
• Real effective exchange rate index (2010 = 100) — 84.17 (2025)
• Inflation, GDP deflator, linked series (annual % growth) — 1.11% (2025)
• GDP deflator, linked series (base year varies by country) — 118.99 (2025)

Reading data like this

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Questions people ask

What is Cyprus's depositors with commercial banks (per 1,000 adults)?

1,288 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2015?

It is up 58.17% from 814.35 in 2015 (5.23% a year on average, compounded). The highest value was 1,397 in 2019 and the lowest 814.35 in 2015.

How does Cyprus rank?

27th highest of 74 economies with data for 2024.

Is the latest change in depositors with commercial banks (per 1,000 adults) unusual for Cyprus?

In 2024, Cyprus' depositors with commercial banks (per 1,000 adults) fell 10 on 2023 (from 1,298 to 1,288). Across the 8 yearly changes before that (2016 to 2023), the average change was +60.46 and a typical year strayed about 175.32 from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator FB.CBK.DPTR.P3, licensed CC BY 4.0. Original source: Financial Access Survey, International Monetary Fund (IMF), uri: https://data.imf.org/en/datasets/IMF.STA:FAS Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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