Cyprus Achieves 55% Household Debt-to-GDP Ratio Amid Robust Economic Growth

by THEFUTURE.TEAM

October 31, 2025

Economic Resilience And Debt Management

The Central Bank of Cyprus reported a notable decline in both household and corporate debt levels in the second quarter of 2025. Reflecting a period of bolstered economic growth and enhanced balance sheet strength, household debt has now reached €19.70 billion, or 55% of GDP—a slight improvement over the previous quarter driven by rising GDP figures.

Household And Corporate Deleveraging

Since December 2016, the country has witnessed a marked easing in its debt burdens. The household debt-to-GDP ratio has fallen sharply by approximately 62%, signaling a steady deleveraging trend. Similarly, non-financial corporations, with debt amounting to €40 billion or 112% of GDP, have achieved a reduction of 94% in their debt ratio within the same period. These developments underscore the effectiveness of Cyprus’ strategies in private sector balance sheet repair.

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Diversified Portfolio And Asset Composition

The CBC’s report further detailed the composition of financial assets across various sectors. Households now hold total financial assets of €62.80 billion, distributed across cash, deposits, loans (54%), shares (25%), debt securities (3%), and other financial instruments (18%). In the corporate sector, non-financial companies maintain €74.30 billion in assets, with notable allocations in shares (41%) and other financial assets (32%), along with cash, deposits, loans, and a minor portion in debt securities.

Sector Specific Financial Health

The financial positions of key market sectors also received detailed examination. Insurance companies, investment funds, and pension funds held assets amounting to €5.80 billion, €7.10 billion, and €4.80 billion, respectively. Each sector showcased a distinct distribution of assets—with insurance firms leaning towards shares and debt securities, investment funds heavily weighted in shares, and pension funds maintaining a balanced mix, indicative of a nuanced and robust financial strategy within the Cypriot market.

Conclusion

Cyprus’ recent progress in reducing household and corporate debt ratios reflects a broader commitment to economic stability and financial reform. As the country continues on its path of deleveraging and strengthening private balance sheets, it sets a compelling example of fiscal discipline and strategic economic management in a challenging global environment.

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Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

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ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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