Banking and Finance

Cyprus’ current account deficit nearly doubled in the second quarter of 2026, while the country’s net external debt position improved, according to provisional data released by the Central Bank of ...

Alpha Bank S.A. purchased 1,772,090 of its own shares on Euronext Athens between September 28, 2026 and October 2, 2026, for a total consideration of €8,142,149.75, the lender announced on Monday. The transactions were executed ...

Sustainable debt is becoming a more significant part of Cyprus’ financial market, although the country remains heavily dependent on a small number of government and banking issuances and has yet ...

The European Banking Authority (EBA) recently released its risk dashboard for the second quarter of 2026, confirming that banks across the EU and EEA continue to operate from a position of ...

The European Securities and Markets Authority (ESMA) recently published its 2027 Work Programme, setting out plans to expand financial market supervision, simplify regulation and make greater use of data and artificial ...

The Bank of England has warned of an increase in the risk that interconnected weaknesses in the financial system will crystallise, highlighting the re-escalation of the conflict in Iran and ...

The Central Bank of Cyprus (CBC) has launched a tender seeking insurance providers to supply coverage under contracts initially lasting three years. The tender, numbered 19/2026, covers the CBC’s insurance ...

The new appointments to the Central Bank of Cyprus (CBC) board were formally confirmed on Friday, with Panikos Vakkou taking up his duties as an executive board member and Marios ...

The National Bank of Greece purchased 1,218,453 of its own common shares between September 22, 2026, and September 29, 2026, as part of the initial tranche of its ongoing share buyback programme, the lender announced ...

Alpha Bank will unveil its nine-month financial results for 2026 on October 30, 2026, while initiating a board committee restructuring following a director’s departure, the Greek lender confirmed in announcements released this ...

Eurobank has unveiled the winning architectural proposal for a €2 million day centre for people at the most severe end of the autism spectrum, with the project set to move into ...

Genikes Insurance on Friday announced that it has renewed its support for the Cyprus Fire Service this year by providing electrolytes, energy bars and operational equipment to help personnel during ...

Investment bank UBS has maintained a positive stance on European banks, identifying Greece as its preferred market amongst nations with heavy exposure to floating interest rates. Although global investors already ...

The Central Bank of Cyprus (CBC) imposed a €750,000 fine on Banque SBA Cyprus over failures to comply with anti-money laundering and counter-terrorist financing requirements identified during an inspection carried out ...

Artificial intelligence is set to fundamentally reshape retail banking in Europe by 2030, with early adopters expected to pull significantly ahead of competitors, according to new research from Visa. The study, ...

Bank of Cyprus (BoC) ranked 19th among the world’s mid-sized banks in Forbes’ first World’s Top Performing Banks ranking, making it the only Cypriot lender to feature on ...

National Bank of Greece is bringing senior technology and investment executives to Cyprus for Innovation Cyprus 2.0, with Microsoft, Mastercard, Amazon Web Services and leading investment funds set to take part ...

Bank of Cyprus (BoC) introduced transactions directly in Indian Rupees (INR) for businesses and individuals, according to the bank, as it seeks to expand payment links with India and strengthen ...

The European Banking Authority (EBA) has issued new guidelines on third-party arrangements supporting critical or important functions, as part of efforts to simplify the EU banking sector’s regulatory framework. ...

Recently I have been writing about financial matters and the risks associated with rising interest rates in the US. For sure, the phenomenon is not limited to the United States. ...

The European Central Bank launched a new service this week linking its payment system to blockchain-based financial markets and said ​it would invest some of its own money in digital ‌...

Turkish Cypriot leader Tufan Erhurman on Saturday met United Nations Secretary-General Antonio Guterres on the sidelines of the UN general assembly in New York, and afterwards denied assertions made by ...

Most banks will walk into 2027 dragging the same core they installed decades ago. A CIO asks for one new field on a mobile loan application, and the answer comes back: ...

Deposits and loans in Cyprus both recorded net increases in August, with annual credit growth accelerating further while total deposits climbed to €59.3 billion, according to figures released by the Central ...