Cyprus Sees Robust Growth in Deposits and Loans in September 2025

by THEFUTURE.TEAM

October 29, 2025

Strong Financial Trends Across the Board

The Central Bank of Cyprus reported significant financial gains for September 2025, with both deposits and loans registering substantial increases. According to the monthly edition of “Monetary and Financial Statistics,” total deposits surged by €670.2 million compared to a modest €44.3 million in August. This upbeat performance pushed the overall deposit base to €57.2 billion, reflecting a year-on-year growth rate of 6.3%—up slightly from 6% the previous month.

Deposits Driven by Non-Financial Sectors

The lift in deposits was primarily buoyed by residents in Cyprus, whose contributions climbed by €456.6 million. A closer examination reveals that non-financial companies played a pivotal role with a €397.2 million increase, while households experienced a minor contraction of €32.5 million. Additional domestic sectors recorded an uptick of €91.9 million, underscoring the diversified nature of the deposit growth.

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Loan Portfolio Rebounds With Healthy Annual Gains

The data also highlighted a reversal in the previous month’s downturn in the loan market. Total loans expanded by €269 million, counterbalancing the €60.8 million decline seen in August, and bringing the total loan value to €26.6 billion. The annual increase in loans reached 7.9%, up from 7.2% in August. For residents, the loan component increased by €101.7 million, with households accounting for €13 million, non-financial companies contributing €84.1 million, and other domestic sectors adding €4.6 million.

Conclusion: A Positive Upswing in Cyprus’ Financial Landscape

This remarkable growth in both deposits and loans signals a resilient financial environment in Cyprus. With non-financial sectors driving much of this progress and a robust rebound in the lending market, the economic outlook appears positive as Cyprus continues to navigate a dynamic financial landscape.

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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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