Banking and Finance

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 ...

Cyprus has entered a new era in its electricity sector with the launch of the competitive electricity market, a development in which Eurobank played a decisive role as the general ...

Global financial messaging network SWIFT and more than 30 global banks announced this week they were now working “at pace” on making cross-border payments instantaneous and on a system capable of ...

Alpha Bank has stepped up its share buyback programme while also rewarding shareholders with a sizeable interim dividend. The bank announced that between September 22 and September 26, 2025, it purchased 1,399,761 of its ...

The Cyprus Association of Electronic Money and Payment Institutions (ACEMPI), which operates under the Cyprus Chamber of Commerce and Industry (Keve), has officially joined the European Payments Council (EPC) as ...

Eurobank has announced the acquisition of 2,458,326 of its own shares traded on the Athens Stock Exchange (ATHEX). The bank said the average purchase price was €3.3101 per share, with a total ...

A new verification of payee service will be implemented by all banks operating in Cyprus and the SEPA zone in October 2025, aiming to enhance the security of electronic payments. The ...

The preferred method for submitting bids in all types of privatisations should be open, transparent, with equal access to information and free of conditions that could reduce the final price, ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) for exposures in the Republic of Cyprus at 1.5 per cent. In a statement on Monday, ...

The Cyprus Borrowers Association (Syprodat) this week described as a “significant turning point” the decision by the Consumer Protection Service to impose fines on the Bank of Cyprus and Eurobank ...

Bank deposits in Cyprus rose by a net €44.3 million in August, according to the latest deposit and loan statistics published by the Central Bank of Cyprus (CBC) this week. At ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday issued a statement reaffirming that the country’s regulatory framework for the investment and capital markets sector is fully aligned with ...