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Cypriot Telecom Edge: Cyta Retains Mobile Market Dominance In First Half Of 2025

by THEFUTURE.TEAM

October 14, 2025

Market Leadership And Stability

Cyta maintained its formidable lead in the mobile telephony market during the first half of 2025, as reported by the Office of the Commissioner for Electronic Communications and Postal Services Regulation (OCECPR). With a 51% share of total mobile connections as of June, the provider continues to outpace its competitors despite a slight dip from 51.1% in the previous period, and still shows a robust increase from 49.9% year-on-year.

Competitive Dynamics And Subscriber Segments

In a closely contested market, rival operator Epic secured 27.3% of the mobile connections, following a marginal decline from 27.7% at the close of 2024. Meanwhile, Primetel and Cablenet recorded modest gains, rising to 11.2% and 10.6% respectively. Among contract subscribers, Cyta again emerged as the clear leader with 52.5% of the market share, closely trailed by Epic with 28%, while Cablenet and Primetel captured 11% and 8.5% respectively.

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Unlimited Data And Prepaid Growth Trends

The trend towards unlimited data plans is evident, with Cyta leading a package that combines unlimited data, voice, and SMS at 42.9% market share. Epic follows at 32.9%, with Cablenet and Primetel securing 13.8% and 10.4% respectively. The prepaid market reflects a similar distribution: Cyta dominates with 46.9%, Epic retains 25.3%, Primetel holds 18.3%, and Cablenet occupies 9.5% of the segment.

Surge In Mobile Usage And Data Consumption

Overall, mobile usage has experienced robust growth, with an increase of 39,000 mobile users in the first half of the year. The total mobile penetration now stands at 160.4% of the population. Additionally, unlimited plans have become increasingly popular among contract subscribers, with 61% now enjoying these offerings, a slight uptick from the end of 2024.

Record High Mobile Broadband Traffic

The first quarter alone witnessed a historic peak in mobile broadband traffic, reaching 76,023 terabytes. This 7.5% rise in data consumption highlights a market trend driven by the expanding adoption of unlimited data plans, a competitive factor expected to intensify as the sector evolves.

In summary, Cyta’s sustained market leadership and strategic positioning underscore its continued dominance, even as competitors vie for increased share in a rapidly advancing digital landscape.

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Mortgage And Business Loan Rate Dynamics Among Cyprus Banks

by THEFUTURE.TEAM

January 17, 2026

Stable Mortgage Loan Rates Post-Mergers

Recent consolidations in the Cyprus banking sector have led to a striking uniformity in mortgage loan interest rates. For example, data from November 2025 reveal that Bank of Cyprus, Eurobank Ltd, and Ancoria Bank are all offering an average rate of 2.98%. Alpha Bank even offers a marginally lower rate of 2.81% for home purchases, whereas smaller market players continue to provide loans at higher costs.

Differentiated Business Loan Offerings

In contrast, business loan interest rates demonstrate greater variability. For loans up to €1 million, Alpha Bank offers the most competitive rate at 3.31%, followed by the National Bank of Greece (Cyprus) at 3.78% (NBG Cyprus). Eurobank Ltd, Kyprian Bank of Development, and Bank of Cyprus post higher averages at 4.00%, 4.46%, and 4.47% respectively, while Societe Generale Bank Cyprus and Banque SBA register even steeper rates at 6.05% and 6.54%.

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For loans exceeding €1 million, the trend remains similar: Alpha Bank leads with 3.64%, trailed by National Bank of Greece (Cyprus) at 3.99% and Bank of Cyprus at 4.18%. Eurobank Ltd and Kyprian Bank of Development follow with rates of 4.54% and 4.30%, whereas Societe Generale Bank Cyprus stands out with an average rate of 6.23%.

Competitive Deposit Rates Reflect High Liquidity

Deposits in Cyprus are offered at some of the lowest interest rates in the Eurozone, a situation that reflects the exceptionally high liquidity across the local banking systems. With a Liquidity Coverage Ratio (LCR) recorded at 319% in November 2025, well above the Eurozone median of 191%, major institutions such as Bank of Cyprus, Eurobank Ltd, and Alpha Bank feature household deposit averages of 0.67%, 1.11%, and 1.36% respectively.

Meanwhile, smaller banks including Ancoria Bank, National Bank of Greece (Cyprus), and Kyprian Bank of Development report higher deposit rates of 1.47%, 1.49%, and 1.25% respectively. For business term deposits (up to one year), Ancoria Bank offers the highest average rate at 1.51%, closely followed by Alpha Bank at 1.43%. Other institutions maintain averages between 1.12% and 1.42%, underscoring a competitive yet stratified market landscape.