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Cyprus is the top country by domestic credit provided by banking sector in the world. As of 2017, domestic credit provided by banking sector in Cyprus was 236.9 %. The top 5 countries also includes China, Lebanon, Denmark, and Luxembourg.The description is composed by our digital data assistant.
Domestic credit provided by the banking sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The banking sector includes monetary authorities and deposit money banks, as well as other banking institutions where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other banking institutions are savings and mortgage loan institutions and building and loan associations.