Nicosia: Household financial assets in Cyprus amounted to £61.9 billion at the end of March 2025, while household debt stood at 58% of Gross Domestic Product (GDP).
According to Cyprus News Agency, the debt of non-financial corporations reached 120% of GDP.
The data is included in the Central Bank of Cyprus’s (CBC) publication Quarterly Financial Accounts for the reference quarter ending in March 2025. It shows that households held £19.8 billion in financial instruments, marking a slight decrease compared to the previous quarter-a development partly attributed to GDP growth.
Household debt has declined significantly compared to previous years, registering a 60% drop compared to December 2016. The composition of household financial assets includes 54% in cash, deposits, and loans, 3% in debt securities, 25% in shares and equity, and 18% in other financial instruments.
According to CBC, the financial assets of non-financial corporations totaled £70.6 billion. Of this, 20% were in cash and deposits, 7% in loans, 0.6% in debt securities, 37% in shares, and 35% in other financial instruments.
The total debt of the non-financial corporate sector stood at £40.7 billion at the end of March 2025, with the debt-to-GDP ratio slightly lower than in the previous quarter due to the rising GDP. Since December 2016, the debt ratio for non-financial corporations has fallen by 86%.
The Quarterly Financial Accounts also include data on the insurance sector, which reported financial assets totaling £5.7 billion. These assets were distributed as follows: 7% in cash and deposits, 2% in loans, 29% in debt securities, 46% in shares, and 16% in other financial instruments.
Investment funds held £7.0 billion in financial assets, with 5% in cash and deposits, 14% in loans and debt securities, 79% in shares, and 2% in other instruments. Meanwhile, pension funds reported investments of £4.6 billion in financial instruments, composed mainly of 15% in cash and deposits, 14% in loans, 5% in debt securities, 55% in shares, and 11% in other financial assets.