Bank assets as a share of GDP reached 315 % in 2017 in Cyprus, according to the National Central Bank. This is 7.22 % less than in the previous year.
Historically, bank assets as a share of GDP in Cyprus reached an all time high of 740 % in 2010 and an all time low of 35.5 % in 1962. When compared to Cyprus's main peers, bank assets as a share of GDP in Greece amounted to 144 %, 124 % in Israel and 102 % in Turkey in 2017.
Cyprus has been ranked 8th within the group of 113 countries we follow in terms of bank assets as a share of GDP, 11 places above the position seen 10 years ago.
Banking assets are everything that a bank owns, including loans, securities, and physical assets such as buildings.