Cypriot Banks Post €952.5 Million In Profits For Jan-Sep 2024, Driven By Strong Interest Income

by THEFUTURE.TEAM

January 15, 2025

Cyprus’s banking sector reported robust performance in the first nine months of 2024, achieving total post-tax profits of €952.5 million, a significant jump from €602.92 million recorded at the end of June. The latest data, published Tuesday by the Central Bank of Cyprus (CBC), highlights strong gains across key financial metrics.

Strong Interest Income Powers Profit Surge

Net interest income, a critical driver of bank profitability, reached €1.53 billion by the end of September 2024, a sharp rise from €1.033 billion just three months earlier. Total net operating income also increased substantially, climbing to €1.88 billion from €1.22 billion at the end of June.

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Capital Strength And Asset Management

The Tier 1 capital—a measure of the banks’ financial stability—rose slightly to €6.34 billion by the end of September, compared to €6.31 billion in June. Meanwhile, risk-weighted assets (RWA), a benchmark for evaluating financial risk, declined modestly to €22.83 billion from €22.91 billion over the same period.

Year-Over-Year Comparison

The sector’s nine-month performance is particularly noteworthy given that total post-tax profits for 2023 stood at €1.26 billion. This year’s strong momentum indicates a significant uptick in profitability, suggesting that banks are well-positioned to exceed last year’s results.

The latest figures underscore the resilience of Cypriot banks, reflecting their ability to capitalize on rising interest rates and strengthen their financial foundations.

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EU Farm Output Prices Decline For The First Time In Nine Months

by THEFUTURE.TEAM

March 12, 2026

EU Market Adjustments Signal New Price Trends

Agricultural output prices across the European Union declined in the fourth quarter of 2025, marking a shift after several quarters of increases. Data from Eurostat shows that farm gate prices fell by 1.9% compared with the same period in 2024.

Crisis of Declining Prices In Select Markets

Cyprus recorded one of the more notable decreases in agricultural input costs among EU member states, with prices falling by 2.6% compared with Q4 2024. The reduction eased cost pressures for the local agricultural sector following periods of higher prices earlier in 2025. Across the EU, prices for goods and services consumed in agriculture remained relatively stable. Non-investment inputs such as energy, fertilisers and feedingstuffs showed limited overall changes during the quarter.

Country-Specific Divergence In Price Movements

Eurostat data highlights considerable variation across member states. Fifteen EU countries recorded declines in agricultural output prices. Belgium registered the largest decrease at 12.9%, followed by Lithuania (8.2%) and Germany (6.0%). At the same time, twelve countries reported increases in output prices. Ireland recorded the strongest rise at 6.8%, followed by Slovenia (5.6%) and Malta (4.2%).

Stability In Agricultural Inputs Amid Commodity Shifts

Agricultural input prices also showed mixed developments. Eleven member states recorded declines, including Cyprus (2.6%), Belgium (2.1%) and Sweden (2.0%). Other countries experienced moderate increases, including Lithuania (4.2%), Ireland (3.3%) and Romania (2.5%). Among major agricultural commodities, milk prices declined by 4.1% while cereal prices fell by 8.9% across the EU. In contrast, fertilisers and soil improvers increased by 7.9%, reflecting continued volatility in input markets.

Outlook For EU Agriculture

The latest Eurostat data points to uneven price developments across the EU agricultural sector. While input prices remained broadly stable in many markets, movements in output prices varied significantly between member states. These trends highlight the need for farmers and policymakers to adapt to shifting commodity prices and changing cost structures across the European agricultural market.