Quarterly ROE of the banking industry in Cyprus 2014-2023
Between the fourth quarter of 2014 and the second quarter of 2023, the banking industry in Cyprus witnessed moderate fluctuations in return on equity (ROE). In the observed period, the most notable drop occurred in the second quarter of 2017, when the ROE was negative 25.4 percent. There was another notable drop in the second quarter of 2020. The ROE of the banking industry stabilized in the following quarters, reaching a value of 23.6 percent in the second quarter of 2023.