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429
· whole institution (AR2025 Table 7.1)FY2025
Annual budget
€73.4m
· operating expenditure — confirm basis in AR2025FY2025
Supervised entities
56
· credit institutions, payment & e-money institutions (16 CI + 12 PI + 28 EMI)FY2025
Overview
The Central Bank of Cyprus is the island's central bank within the Eurosystem and the prudential supervisor of Cypriot credit institutions under the Single Supervisory Mechanism; it also licenses payment and electronic money institutions and holds the MiCA roles for e-money and asset-referenced tokens, alongside CySEC's CASP remit. Its Annual Report 2025, published 28 April 2026, records a banking system whose non-performing-loan ratio fell to 1.6% at end-2025 — below the EU average of 1.8% — a remarkable arc for a system that a decade ago carried among the highest NPL burdens in Europe. The Governor has proposed a modernisation of the CBC's own governance model to the President of the Republic and the Minister of Finance. Everything below is the CBC's own data, from its FY2025 annual report.
CBC is an integrated central bank. This figure covers the whole institution, including monetary policy, currency and reserve management functions alongside supervision, and is not directly comparable with standalone supervisory authorities.
Regulated sectors
Leadership
- Christodoulos PatsalidesGovernor · since 2024
Figures as published by Central Bank of Cyprus for FY2025. Source: CBC Annual Report 2025 (English) (Published 28 April 2026). Data as of 31 December 2025.
Banking system indicators 2025
| Item | Value |
|---|---|
| NPL ratio | 1.6% (Dec 2025) Below EU average of 1.8% (Dec 2025) — reported in the Governor's report message |
CBC balance sheet — interim
| Item | Value |
|---|---|
| Total assets | €30.07 billion (30 Sep 2025) Interim financial statement signed by the Governor. Intra-Eurosystem claims €19.78bn · euro-area securities €6.97bn · gold €1.45bn |
| 2025 GDP growth (Cyprus) | 3.5% projected / ~3.1–3.5% range across CBC bulletins CBC projections — report context |
| Governance | Modernisation proposal submitted To the President and Minister of Finance; reported in the FY2025 report |
Notable 2025
| Item | Value |
|---|---|
| Asset-quality turnaround | Cyprus's banking system closed 2025 with NPLs at 1.6% — under the EU average — completing one of the EU's most dramatic asset-quality turnarounds. |
| CBC governance modernisation proposal | The Governor has formally proposed modernising the CBC's governance model. |
| 2026 shocks factored into the FY2025 report | The Middle East war and a foot-and-mouth disease outbreak in Cyprus. |
| MiCA split with CySEC | Alongside banking and payments supervision, the CBC holds Cyprus's MiCA roles for e-money tokens and asset-referenced tokens — completing the Cyprus pair with CySEC's CASP authority. |
Key legislation
Central Bank of Cyprus Law of 2002
Central-bank statute
Business of Credit Institutions Law
Banking (CRD/CRR)
Payment Services and Access to Payment Systems Law
PSD2 / EMD transposition
Cypriot MiCA implementation
CBC as competent authority for ART/EMT issuers
Public registers
Application portals
Recent publications
- CBC Annual Report 2025
2026-04-28