Three credit institutions – Bank of Cyprus, the Cooperative Central Bank (CCB) and Hellenic Bank – make up 68.5% of the loan market share (€54.6 billion), and 68.6% of deposits at €49.2 billion.
First in market share is Bank of Cyprus, the Cooperative Central Bank is second, while Hellenic Bank is third.
The other 31.5% of the loan market is shared among eight credit institutions: Alpha Bank Cyprus, Eurobank Cyprus, Astrobank, USB Bank, RCB Bank, Societe Generale Cyprus, cdb Bank, and the National Bank of Greece (Cyprus).
Bank of Cyprus is the largest lender in Cyprus with its loans market share reaching 39.1% in March 2017.
The CCB’s market share was 21.8% in December 2016, while for Hellenic it was 7.6% in March 2017.
The market share in deposits for Bank of Cyprus is at 30.8%.
For the CCB the market share in deposits is 25.6%, while for Hellenic it is at 12.2%.
Source: InCyprus
