Banking and Finance

The European Banking Authority (EBA) has initiated a public consultation regarding draft amendments to its guidelines on systemic risk buffers specifically designed to mitigate climate change risks. The revised framework ...

The Employers and Industrialists Federation (Oev) has issued a warning against renewed efforts to impose additional extraordinary taxes on bank profits, arguing that such measures would harm the economy and ...

The Cyprus Chamber of Commerce and Industry (Keve) on Thursday released a statement outlining its position against the proposed imposition of additional taxation on banks, arguing that such a measure ...

Eurobank took part in the Money Conference 2026 as a platinum sponsor this week, contributing to discussions on global economic developments and the evolving landscape of alternative investments. Held under the ...

The Central Bank of Cyprus (CBC) has reported an increased degree of convergence between the average interest rates of Cyprus credit institutions and those of the eurozone for both deposits ...

The forex market requires strong emphasis on investor protection, proper information and cultivation of financial literacy, Finance Minister Makis Keravnos said on Wednesday. At the same time, Cyprus Securities and ...

Cyprus’ banking sector recovery after the 2013 crisis reflects “the coherent and consistent functioning of two essential pillars, banks’ commitment to act and supervisors’ firm oversight,” said George Ioannou, member of ...

Finance Minister Makis Keravnos expressed his satisfaction with the work performed by the financial commissioner’s office during a scheduled visit on Wednesday. Makis Keravnos said that he received a ...

The number of bounced cheques recorded in Cyprus in January 2026 stood at 17, with a total value of €47,091, according to figures released on Wednesday by the Central Bank of Cyprus (CBC). ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Tuesday argued that productivity must be placed at the heart of every reform as Cyprus and Europe confront slowing growth and ...

Eurobank on Monday announced that it repurchased 1,761,170 of its own shares on the Athens Stock Exchange (ATHEX) during the period from February 2, 2026 to February 6, 2026, as part of its approved share ...

Berlin-based credit rating agency Scope on Saturday announced that it had upgraded Cyprus’ long-term credit rating from ‘A-’ to ‘A’. In justifying its decision, it cited a “significant reduction” of ...

Cyprus stepped into the European discussion on the digital euro on Friday, as policymakers, bankers and institutions gathered in Nicosia for the first event held on the island with the ...

Eurobank supported the 19th Supply Chain, Logistics Conference and Exhibition held in Nicosia this month, where sustainability, digitalisation and artificial intelligence (AI) were presented as key elements shaping the future ...

Cyprus has retained its position as the leading global hiring hub for online forex brokers despite a broader shift in industry growth towards emerging regions, according to an analysis by ...

The Republic of Cyprus will repay a zero-interest government bond a week from today, with the final interest payment made on the same day, according to an announcement by the ...

Eurobank S.A. on Monday announced that it repurchased 1,758,500 of its own shares under its approved share buyback programme between January 26, 2026 and January 30, 2026. The purchases followed the commencement of the ...

Equine Capital Partners celebrated its third anniversary on January 29 at the Landmark Hotel in Nicosia, marking a significant milestone for a firm that has become one of the most prominent ...

Cypriots are increasingly favouring digital payment methods, with card transactions now accounting for 75 per cent of total payment volume, the second-highest share in the eurozone after Portugal, according to data ...

The Cyprus Securities and Exchange Commission (CySEC) has announced a series of settlements and administrative fines targeting violations of securities and transparency legislation by regulated and listed entities. Firstly, CySEC ...

Money growth slowed down in the euro area during December 2025, with households and businesses adding to their savings at a more modest pace during this time, according to a report ...

Euro area net saving fell to €863 billion in the four quarters to the third quarter of 2025, according to a report from the European Central Bank (ECB). This compared with €877 billion ...

Cyprus recorded the highest level of non-performing loans in the European Union in 2024, highlighting a key vulnerability in public sector balance sheets, according to Eurostat. The data published by Eurostat ...

Cyprus household financial assets rose to €63 billion at the end of September 2025, with more than half held in liquid and loan-related instruments, according the Central Bank of Cyprus (CBC). According ...