Banking and Finance

The Cyprus Securities and Exchange Commission (CySEC) has called on investment fund managers to take note of new guidance issued by the European Securities and Markets Authority (ESMA) on how ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Monday presented a new governance model for the bank to the House finance committee. According to an announcement by the CBC, ...

The Bank of Cyprus Holdings Plc on Monday announced that its board of directors will meet on Tuesday, November 11, 2025, to review the financial results of the Bank of Cyprus Group ...

Fairfax Financial Holdings has signed a term sheet with Eurobank Ergasias Services and Holdings for the sale of its 80 per cent stake in Eurolife FFH’s life insurance operations for €813 ...

The Bank of Cyprus on Monday announced the launch of the IBU India Hub, a new strategic initiative designed to enhance its service offering and specialisation for businesses and individuals ...

The European Banking Authority (EBA) has published a report taking stock of actions by all competent authorities to address its findings and recommendations. This follows in-depth reviews carried out by ...

The Finance Ministry’s debt management office will hold a public auction of €25 million in treasury bills on October 20, 2025. The auction will cover bills with a 13-week maturity and will ...

Eurobank Limited on Friday announced the completion of the merger of its Cypriot insurance subsidiaries, marking a significant development in the consolidation of its insurance operations in Cyprus. The merger, ...

More than 1,000 delegates took part in the international Maritime Cyprus 2025 conference, held in Limassol from October 6 to October 8. The conference focused on how to unlock the future of shipping, exploring ...

The Association of Cyprus Banks (ACB) on Thursday announced that Panicos Nicolaou, chief executive officer at the Bank of Cyprus, has been appointed as its new president following the most ...

Eurobank reaffirmed its commitment to supporting Cyprus’ new generation of entrepreneurs, standing once again beside the country’s emerging business leaders at the eighth annual “Ge’ neo Epicheirein” Young Entrepreneurship ...

Cyprus’ current account deficit narrowed to €257.3 million in Q2 2025, down from €341.7 million in the same period last year, according to provisional data from the statistics department of the Central Bank ...

The Bank of Cyprus on Wednesday announced the full implementation of instant payments in Cyprus, effective October 9, 2025. This will allow customers to send and receive payments from any bank within ...

The household saving rate in the euro area rose to 15.4 per cent in the second quarter of 2025, compared with 15.2 per cent in the first quarter of 2025, according to Eurostat. The ...

Bank customers in Cyprus will soon be able to send and receive money within seconds, as new EU rules on instant payments take effect this month, at the same cost ...

The Cyprus Consumers Association on Monday questioned the sincerity of the Consumer Protection Service in genuinely safeguarding consumers against unfair clauses in bank contracts. The association welcomed the recent imposition ...

The Central Bank of Cyprus (CBC) on Monday urged the public, including users of payment services and holders of electronic money accounts, to verify which institutions are legally authorised to ...

Visa (V.N) has announced that it will start testing a new way for businesses to fund international payments by allowing them to use stablecoins instead of pre-depositing cash in ...

The Central Bank of Cyprus (CBC) on Friday informed the public that all banks will be closed on Tuesday, October 28, in observance of Ochi (No) Day. Ochi Day commemorates the ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday informed regulated entities that the Unit for Combating Money Laundering (Mokas) has published its strategic analysis report for 2023–2024, providing key insights ...

The Central Bank of Cyprus (CBC) on Friday alerted the public to a forged letter that was discovered bearing the bank’s insignia and logos and demanding money from a ...

The risks to financial stability in the European Union remain elevated due to ongoing geopolitical uncertainty, according to a new report by the European Systemic Risk Board (ESRB). The ESRB ...

Economic policy uncertainty in the United States has a direct impact on euro area firms’ access to financing, the European Central Bank (ECB) said in a blog post this week, ...

The Central Bank of Cyprus (CBC) on Thursday released new data on average interest rates and loan volumes for August 2025, highlighting a slowdown in lending activity and contrasting trends in ...