Borrowed from a financial institution or used a credit card, adults in Cyprus

Borrowed from a financial institution or used a credit card, adults in Cyprus was 31.24% in 2021, according to the World Bank. That is the 19th highest of 26 EU countries in 2021.

202131.24%

Rank19th of 26EU countries ranked

Series high31.242021

Series low24.872017

Next release: Thursday, 7 October 2027, estimated by Invokely from past publication dates (low confidence), not announced by the publisher. Release calendar

Borrowed from a financial institution or used a credit card, adults in Cyprus, 2014 to 2021

%. Source: World Bank Global Findex, Global Findex: Borrowed from a formal bank or similar financial institution (% age 15+) (fin22a). Retrieved 2026-10-12, published 2025-10-06.

All 3 values

Period	%
2021	31.24
2017	24.87
2014	29.34

Cyprus compared with nearby places

Under 26
26 to 33
33 to 42
42 to 53
53 and over
No data

Borrowed from a financial institution or used a credit card, adults, 2021, %. Cyprus is outlined. Same source and period for every area shown. Source: World Bank. Boundaries: Natural Earth (public domain).

Rankings

Definition

Percentage of respondents aged 15 and over who borrowed money from a bank or similar financial institution or used a credit card in the past 12 months. Includes card use, not bank borrowing alone; excludes borrowing through mobile money alone.

Global Findex survey estimates for people aged 15 and over, or the named subgroup. Percentages use all respondents in that population, not only savers, borrowers or account owners. Only published survey years are stored; no values are interpolated or carried forward. The 2025 edition reports 2024 fieldwork. Some earlier-wave surveys were conducted in 2022; the publisher year labels are retained. In 2024, account and debit-card ownership were asked more widely than other financial-use questions, so available years vary by measure and economy. Survey coverage and questions can change between waves.

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How to cite

World Bank, Global Findex Database. Global Findex: Borrowed from a formal bank or similar financial institution  (% age 15+) (fin22a). https://api.worldbank.org/v2/country/all/indicator/fin22a?format=json&per_page=20000&date=2011:2024&source=28. Retrieved 2026-10-12. Licensed under CC BY 4.0.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

World Bank. (2025). Global Findex: Borrowed from a formal bank or similar financial institution (% age 15+) (fin22a) (Borrowed from a financial institution or used a credit card, adults, Cyprus, 2014 to 2021) [Data set]. Retrieved October 12, 2026, from https://api.worldbank.org/v2/country/all/indicator/fin22a?format=json&per_page=20000&date=2011:2024&source=28

MLA 9

Global Findex: Borrowed from a formal bank or similar financial institution (% age 15+) (fin22a), Borrowed from a financial institution or used a credit card, adults, Cyprus, 2014 to 2021. World Bank, 6 Oct. 2025, https://api.worldbank.org/v2/country/all/indicator/fin22a?format=json&per_page=20000&date=2011:2024&source=28. Invokely, https://invokely.ai/en/borrowed-formally-adults/cyprus. Accessed 12 Oct. 2026.

Chicago (author-date)

World Bank. 2025. Global Findex: Borrowed from a formal bank or similar financial institution (% age 15+) (fin22a). Borrowed from a financial institution or used a credit card, adults, Cyprus, 2014 to 2021. Dataset. Accessed October 12, 2026. https://api.worldbank.org/v2/country/all/indicator/fin22a?format=json&per_page=20000&date=2011:2024&source=28. Also distributed by Invokely, https://invokely.ai/en/borrowed-formally-adults/cyprus.

Harvard

World Bank (2025) Global Findex: Borrowed from a formal bank or similar financial institution (% age 15+) (fin22a), Borrowed from a financial institution or used a credit card, adults, Cyprus, 2014 to 2021 [Dataset]. Available at: https://api.worldbank.org/v2/country/all/indicator/fin22a?format=json&per_page=20000&date=2011:2024&source=28, via Invokely: https://invokely.ai/en/borrowed-formally-adults/cyprus (Accessed: 12 October 2026).

BibTeX

@misc{world_borrowed_from_a_financial_2021,
  author = {{World Bank}},
  title = {{Global Findex: Borrowed from a formal bank or similar financial institution (\% age 15+) (fin22a): Borrowed from a financial institution or used a credit card, adults, Cyprus, 2014 to 2021}},
  year = {2025},
  howpublished = {Data set},
  url = {https://api.worldbank.org/v2/country/all/indicator/fin22a?format=json&per_page=20000&date=2011:2024&source=28},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/en/borrowed-formally-adults/cyprus. Publisher attribution: World Bank, Global Findex Database. Global Findex: Borrowed from a formal bank or similar financial institution (\% age 15+) (fin22a). https://api.worldbank.org/v2/country/all/indicator/fin22a?format=json\&per\_page=20000\&date=2011:2024\&source=28. Retrieved 2026-10-12. Licensed under CC BY 4.0.},
}

RIS

TY  - DATA
AU  - World Bank
TI  - Global Findex: Borrowed from a formal bank or similar financial institution (% age 15+) (fin22a): Borrowed from a financial institution or used a credit card, adults, Cyprus, 2014 to 2021
PY  - 2025
DA  - 2025/10/06
PB  - World Bank
DB  - Invokely
UR  - https://api.worldbank.org/v2/country/all/indicator/fin22a?format=json&per_page=20000&date=2011:2024&source=28
L2  - https://invokely.ai/en/borrowed-formally-adults/cyprus
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/en/borrowed-formally-adults/cyprus.
N1  - Publisher attribution: World Bank, Global Findex Database. Global Findex: Borrowed from a formal bank or similar financial institution (% age 15+) (fin22a). https://api.worldbank.org/v2/country/all/indicator/fin22a?format=json&per_page=20000&date=2011:2024&source=28. Retrieved 2026-10-12. Licensed under CC BY 4.0.
ER  -

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Questions

What is the borrowed from a financial institution or used a credit card, adults in Cyprus?

Borrowed from a financial institution or used a credit card, adults in Cyprus was 31.24% in 2021, according to the World Bank. That is the 19th highest of 26 EU countries in 2021.

Where does this figure come from?

World Bank. Global Findex: Borrowed from a formal bank or similar financial institution (% age 15+) (fin22a). Retrieved by Invokely on 2026-10-12.

What was the highest borrowed from a financial institution or used a credit card, adults in Cyprus?

31.24% in 2021, the highest value since 2014 in this series.

Borrowed from a financial institution or used a credit card, adults elsewhere in European Union (27)

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