Bank branches — all countries

Bank branches — Cyprus

Bank branches in Cyprus in 2024 — 18.51 per 100k. Ranked 43 in the world out of 153. Since 2004, the indicator has fallen by 72.4%.

2024 18.51 per 100k −5.87% vs 2023
World rank 43of 153
Period maximum 66.97 per 100k2004
Period minimum 18.51 per 100k2024

Trend over time

2004–2024 · per 100,000 adults

Bank branches — Cyprus, 2004–2024020406080200420062008201020122014201620182020202220242004: 66.97 per 100k2005: 62.19 per 100k2006: 60.05 per 100k2007: 59.83 per 100k2008: 60.17 per 100k2009: 59.1 per 100k2010: 56.61 per 100k2011: 53.87 per 100k2012: 50.19 per 100k2013: 37.5 per 100k2014: 35.89 per 100k2015: 34.06 per 100k2016: 32.12 per 100k2017: 46.94 per 100k2018: 39.12 per 100k2019: 33 per 100k2020: 28.41 per 100k2021: 25.93 per 100k2022: 20.57 per 100k2023: 19.66 per 100k2024: 18.51 per 100k
Change over the period: −48.46 (−72.36%) Average annual rate: -6.23 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Cyprus

Cyprus 18.51 per 100k
World 11.12 per 100k
Europe & Central Asia 18.97 per 100k
Western Asia computed 10.53 per 100k
Bank branches — Cyprus, by year Cyprus All countries CSV XLSX
Year per 100k Change Change, %
2024 18.51 −1.15 −5.87%
2023 19.66 −0.91 −4.43%
2022 20.57 −5.36 −20.67%
2021 25.93 −2.48 −8.73%
2020 28.41 −4.59 −13.91%
2019 33 −6.12 −15.65%
2018 39.12 −7.82 −16.66%
2017 46.94 +14.83 +46.16%
2016 32.12 −1.94 −5.7%
2015 34.06 −1.83 −5.09%
2014 35.89 −1.61 −4.3%
2013 37.5 −12.69 −25.28%
2012 50.19 −3.69 −6.84%
2011 53.87 −2.73 −4.83%
2010 56.61 −2.49 −4.21%
2009 59.1 −1.07 −1.78%
2008 60.17 +0.34 +0.58%
2007 59.83 −0.23 −0.38%
2006 60.05 −2.14 −3.43%
2005 62.19 −4.78 −7.14%
2004 66.97

About the indicator

The number of commercial bank branches per 100,000 adults. The indicator was conceived as a measure of access to financial services, but it now calls for care in reading: in countries where banking has moved onto the phone, branches are closing, and a falling value means not a loss of access but a change in its form. The clearest case is Kenya and other countries of East Africa, where mobile money reached the population bypassing branches altogether.

Important: A measure of the physical presence of banks, not of access to financial services. Where mobile payments are widespread, a low value does not indicate financial exclusion.

Source: World Development Indicators (World Bank), license CC BY 4.0.