Household and business debt in Cyprus remains at €60 billion but continues to decline
The total debt of households and businesses in Cyprus amounted to approximately €60 billion as of the end of September 2025. This was reported by the Central Bank of Cyprus in data published on Friday.
Despite the overall level of debt remaining high, the regulator notes a significant year-on-year reduction, indicating a gradual improvement in the financial sector and a decrease in the debt burden on the economy.
According to the Central Bank, the reduction in debt is linked both to the repayment of previously taken loans and to a more restrained lending policy by banks, as well as a cautious approach by households and businesses to borrowing amid economic uncertainty.
Experts note that the downward trend in debt is a positive signal for the country’s financial stability; however, the level of debt remains substantial and requires continued monitoring.
Author
I am originally from St. Petersburg — a city with a unique character and rhythm. My professional life began rapidly: at just 16, I plunged into the world of global events. The World Cup, the roar of Formula 1 cars in Sochi, the energy of VK Fest, and the backstage of Fashion Week — I always…
You may also be interested in:
- Larnaca authorities expect to avoid water cuts this summer
- More than 100 people infected with norovirus on Caribbean Princess cruise ship
- New fire breaks out in Nicosia buffer zone
- Fire in Paphos district quickly contained thanks to early detection system
- Cyprus to celebrate Europe Day with large-scale events and a concert for a billion-strong audience
