Banking and Finance

The Bank of Cyprus (BoC) has been named ‘Best Foreign Exchange Bank in Cyprus’ at Global Finance’s annual Gordon Platt Foreign Exchange Awards, a distinction the bank sees as ...

While Cyprus’s banking sector has matured into a reliable and regulated system, its procedures often move more slowly than today’s demand for immediacy. Residents who need short-term cash ...

Eurobank on Wednesday announced that it has taken on the crucial role of principal employer for the MAP multi-employer provident fund in Nicosia. According to the statement, this came into ...

Eurobank and National Bank of Greece are positioned at the top of the European banking ranking for return on equity, according to a pan-European report from UBS, which confirmed the ...

The Cypriot banking sector’s non-performing loan (NPL) ratio remained stable at 5.5 per cent at the end of August 2025, according to the Central Bank of Cyprus (CBC), confirming the financial ...

Eurobank on Monday announced that it has been named Bank of the Year 2025 by the internationally recognised magazine The Banker. According to the announcement, the award “reflects Eurobank’s solid ...

Bank of Cyprus (BoC) has introduced its new Virtual Card, launched under the central message ‘The card that lives in your phone’, bringing the online shopping experience directly into everyday ...

For many years payday loans dominated the short term lending world. They offered quick cash to people who needed emergency money but at a very high cost. Traditional payday loans ...

National Bank of Greece (Cyprus) has appointed Michalis Athanasiou as Chief Business Officer, in a move that strengthens its management team during a period of dynamic growth and strategic upgrading ...

Net new loans in Cyprus fell by €18.5 million in October to €429.4 million, mainly due to a slowdown in lending to companies, while housing loans continued to rise, according to data ...

Foreign investment in Cyprus banks confirms global confidence in the island’s banking system and, by extension, in the dynamics and stability of the Cypriot economy, governor of the Central ...

The Foreign Exchange (Forex) market is a critical pillar of global finance, but its accessibility to retail investors has created a confusing landscape.  For many Cypriots seeking to understand online ...

Eurobank reaffirmed its long-standing role as a strategic partner of Cyprus’ tourism sector at the Association of Cyprus Tourist Enterprises (Stek) annual tourism conference 2025, which focused on ‘Sustainable Tourism: The ...

Cyprus’ banks kept their lending criteria unchanged in the third quarter of 2025, with both businesses and households facing the same terms and conditions as in the previous quarter, according to ...

The 16th Pension Forum in Nicosia examined the critical issues facing Cyprus’ pension system and the new perspectives emerging in a rapidly changing environment, according to the event overview. The ...

IDEA Innovation Centre of Bank of Cyprus (BoC) has opened applications for its 11th Startup Programme, inviting entrepreneurs who want to turn an innovative concept into a functioning business. Applications ...

For many, the word ‘forex‘ evokes images seen on social media: luxury cars, quick fortunes, and charismatic influencers touting guaranteed trading success. This high-octane portrayal, focused on rapid wins and ...

The fact that two ratings agencies either improved or kept the same rating for Cyprus was welcomed on Saturday with “particular satisfaction” by Finance Minister Makis Keravnos. Both Moody’s ...

Marios Skandalis has been appointed director general of the Association of Cyprus Banks, succeeding Michalis Kammas. He will officially assume leadership of the association on January 1, 2026. According to an announcement ...

Eurobank on Thursday released a statement detailing its participation at the 13th Energy Symposium, which took place in Nicosia this week. Eurobank was an official sponsor of the symposium, which, ...

The Central Bank of Cyprus (CBC) on Wednesday announced the issue of a silver collector coin with a nominal value of €5 in proof condition and a mint year of 2025. The ...

Loan and real estate management company doValue Cyprus on Turesday announced that it has “strengthened its position in the domestic non-performing loan servicing market after taking on a new portfolio ...

The Bank of Cyprus (BoC) has launched a new youth-focused initiative aimed at tackling environmental risks. According to an announcement released on Tuesday, the bank recently held its first event ...

The Central Bank of Cyprus (CBC), part of the Eurosystem, released its summary balance sheet this week, which showed that the institution’s total assets and liabilities stood at €30.49 billion ...