Banking and Finance

The European Central Bank (ECB) reported this week that non-cash payments across the euro area continued to expand during the second half of 2025, while Cyprus emerged as the bloc’s ...

Morgan Stanley expects the Greek banking sector to enter earnings season with higher profit forecasts, robust credit growth and a string of second-quarter upside surprises. In its report, the findings ...

Cyprus embraces cashless payments as card use reaches new high Cypriots continued shifting towards digital payments during the second half of 2025, with the country recording the highest share of card ...

Eurobank announced on Wednesday that it will release its financial results for the second quarter of 2026 on July 30, with investors set to receive a further update on the group’s ...

Cyprus was among the euro area countries where banks increased deposit rates less aggressively following the European Central Bank’s (ECB) interest rate hikes, according to a new ECB working ...

Euro area companies reported tighter lending conditions and higher borrowing costs during the second quarter of 2026, while financing needs edged higher and inflation expectations remained broadly stable, according to the ...

The Pancyprian Cooperative Society for Participation and Promotion of Cooperativism has announced the launch of an online platform allowing the public to purchase shares in the proposed Pancyprian Cooperative Bank ...

JCC loses final appeal over government payments contract Cyprus has concluded a four-year tender process for the management of government electronic payment services, awarding the contract to VivaBank after a ...

The Cyprus Borrowers Protection Association (Syprodat) has welcomed the launch of the public share offering for the proposed Pancyprian Cooperative Bank, while stressing that the project’s success will ultimately ...

Eurobank announced on Monday that it has repurchased a total of 2,907,000 shares between July 13, 2026, and July 17, 2026, as part of its ongoing share buyback programme. The bank carried out these transactions ...

The Housing Finance Corporation (HFC) has launched a tender for external advisory services to support the sale of a non-performing loan (NPL) portfolio estimated at around €135 million, a move its ...

The University of Cyprus and the Association of Cyprus Banks (ACB) recently signed a memorandum of understanding establishing a structured framework for cooperation in education, research, innovation and stronger links ...

Large technology firms are increasingly encroaching on traditional banking, prompting the International Monetary Fund (IMF) to demand a comprehensive overhaul of how these conglomerates are policed to ensure global financial ...

Talks between the European Parliament, European governments and the European Commission on rules for a digital euro begun on Monday, three years after the legislation was first proposed. The negotiations ...

Eurobank announced on Friday that it has been named Cyprus’ best bank for 2026 by international financial publication Euromoney, while also receiving the award for best bank for large corporates at ...

The National Bank of Greece this week announced the purchase of 1,295,013 own shares between July 07, 2026 and July 14, 2026 for a total cost of €20,193,840.73. The bank acquired these shares at a weighted ...

Non-performing loans (NPLs) in Cyprus’ banking sector fell slightly to €830 million at the end of April 2026, while the overall NPL ratio remained unchanged, according to figures released on Thursday by ...

Cyprus has tabled a long-delayed package of four banking reform bills in parliament, seven months after the European Union deadline for transposing the bloc’s updated banking directive into national ...

The Central Bank of Cyprus (CBC) on Tuesday welcomed the selection of the Bank of Cyprus and JCC Payment Systems to participate in the European Central Bank’s (ECB) pilot ...

The planned re-establishment of the cooperative bank could strengthen competition in Cyprus’ financial sector and benefit both consumers and the wider economy, according to the president of the Cyprus association ...

The European Banking Authority (EBA), the regulatory agency for the EU banking sector, recently published the final technical package for version 4.3 of its reporting framework. This release establishes new reporting ...

Eurobank announced on Monday that it repurchased a total of 2,273,500 of its own shares between July 6 and July 10, 2026, as part of its ongoing buyback programme. The transactions, which took place ...

The Pancyprian Cooperative Society for Participation and Promotion of Cooperativism Ltd entered its share sale phase last week, with its prospectus revealing a series of risks facing the ambitious plan ...

Fiscal council member Marios Clerides on Saturday said that Cyprus’ markets require “ethical banking”, as he weighed in on the prospect of a new cooperative bank being opened on the ...