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2 clusters · 6 sources · 4 days · First seen · Last updated

Banking sector growth in Greece and Cyprus

Overview

The banking sectors in Greece and Cyprus have demonstrated growth in both revenue streams and deposit volumes.

In Greece, systemic banks have reported a significant rise in commission and service revenues, which reached approximately 1.44 billion euros in the first half of 2026, a 25.3% increase compared to the previous year. While operating costs for major institutions like Alpha Bank and Eurobank have increased due to investments in technology and personnel, cost-to-income ratios have remained low or improved as revenues outpaced expenses.

Concurrently, total bank deposits in Greece rose by €19.1 billion during the 12 months ending June 2026, reaching a total of €223.565 billion. This 9.3% increase was characterized by a higher average balance per account despite a decline in the total number of accounts. In Cyprus, deposits increased by a net €562.3 million in July, bringing the total balance to €59.2 billion, driven largely by household and non-financial corporate deposits.

Entities

Eurobank · Alpha Bank · Bank of Greece · Central Bank of Cyprus · Piraeus

Timeline

  1. 15 days ago

    [BUSINESS] 2 sources
    Bank deposits rise in Greece and Cyprus

    Bank deposits in Greece and Cyprus have risen significantly, with Greek deposits growing by €19.1 billion and Cyprus seeing a net monthly increase of €562.3 million.

  2. 18 days ago

    [BUSINESS] 4 sources
    Greek banks report rising commission revenues and controlled operating costs

    Greek systemic banks report rising commission revenues, up 25.3% to 1.44 billion euros, while managing increased operating costs through technology and personnel investments.

Sources

cyprus-mail.com · dnews.gr · insider.gr · madata.gr · newsbomb.gr · tromaktiko.gr