Bank staff expenses as a share of total costs reached 56.4% in first quarter of 2016 in Cyprus, according to the National Central Bank. This is 18.0% more than in the previous quarter.
Historically, bank staff expenses as a share of total costs in Cyprus reached an all time high of 86.4% in 4Q2014 and an all time low of 21.8% in 4Q2011.
Cyprus has been ranked 10th within the group of 93 countries we follow in terms of bank staff expenses as a share of total costs.
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