Bank assets as a share of GDP reached 306 % in 2017 in Cyprus, according to the National Central Bank. This is 8.02 % 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 % in. When compared to Cyprus's main peers, bank assets as a share of GDP in Greece amounted to 147 %, 124 % in Israel and 105 % in Turkey in 2017.
Cyprus has been ranked 10th within the group of 132 countries we follow in terms of bank assets as a share of GDP, 10 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.