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🇨🇾Cyprus · EU member

Central Bank of Cyprus

CBC · Central bank
Nicosiawww.centralbank.cy
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FY2025 · as of 31 December 2025Published figures unless marked

Employees429whole institution (AR2025 Table 7.1)
Annual budget€73.4moperating expenditure — confirm basis in AR2025
Supervised entities56credit institutions, payment & e-money institutions (16 CI + 12 PI + 28 EMI)

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. The staff 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

4
BanksPayment institutionsE-money institutionsCredit institutions

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.

Leadership

1
Christodoulos Patsalides

Governorsince 2024

Full board

Banking system indicators 2025

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

FY2025
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 bulletinsCBC projections — report context
Governance
Modernisation proposal submittedTo the President and Minister of Finance; reported in the FY2025 report

Notable 2025

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

4
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

Registers, portals and publications

Application portals

CBC e-services

Recent publications

CBC Annual Report 20252026-04-28
Data as of 31 December 2025 · Source: www.centralbank.cy + ComplyBridge researchActivity Index methodology →