# Banking sector growth in Greece and Cyprus > Live situation record from CLSTR: https://clstr.news/situations/banking-sector-growth-in-greece-and-cyprus > Updated: 2026-08-27T10:26:20.000Z. Sources: 6. Developments: 2. 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. ## Timeline ### 2026-08-27: 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 sources. https://clstr.news/cluster/bank-deposits-rise-in-greece-and-cyprus ### 2026-08-24: 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. 4 sources. https://clstr.news/cluster/greek-banks-report-rising-commission-revenues-and-controlled-operating-costs --- Cite as: Banking sector growth in Greece and Cyprus. CLSTR, https://clstr.news/situations/banking-sector-growth-in-greece-and-cyprus