Banking and Finance

The National Bank of Greece (Cyprus) posted a net profit after tax of €13.6 million for 2024, marking a 143 per cent increase compared to the previous year. According to the bank’s ...

The Central Bank of Cyprus (CBC) on Friday announced the publication of its 2025 directive on the prevention of money laundering and terrorist financing. The newly adopted directive aims to modernise ...

Bank of Cyprus Holdings Public Limited Company on Friday announced the repurchase of 295,526 of its own ordinary shares between April 25, 2025, and May 1, 2025. The shares, each with a nominal value of €0.10, ...

The digital euro will serve as a complement to cash, not a replacement, and is designed to preserve the stability of the financial system while embracing innovation, said Stelios Georgakis, ...

Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has submitted an application to the Cyprus Securities and Exchange Commission (CySEC) to exercise its squeeze out ...

Alpha Bank Cyprus on Wednesday announced the appointment of George Shiammoudis as its new chief risk officer. “With over 20 years of experience across banking and financial advisory, Shiammoudis brings a ...

Consumers across Europe are increasingly willing to switch to alternative online payment methods in exchange for faster, more convenient and secure checkout experiences, according to new research published by payabl., ...

Banks in Cyprus recorded a net decrease of €66.3 million in deposits and a significant increase of €429.9 million in loans during March 2025, according to a report by the Central Bank of ...

Nearly 40 per cent of Cypriots see opportunities to start a business, a new national report by the University of Cyprus has found. The 2023–2024 Entrepreneurship Report also revealed that 60.5 per cent ...

The board of directors of the Bank of Cyprus is set to be expanded with new members, pending shareholder approval. A total of 14 resolutions are to be voted on at ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced the launch of a targeted consultation by the European Commission on proposed transformative amendments to the regulation and supervision of ...

Nuclear energy continues to play a critical role in the European Union’s energy mix, covering approximately 22.8 per cent of total electricity generation, according to former chairman of the Cyprus ...

Bank of Cyprus Holdings Public Limited Company announced on Monday that it will release its financial results for the quarter ended March 31, 2025 on Monday, May 12. The announcement will be made ...

Hellenic Bank on Monday announced that its board of directors will convene on Wednesday, May 7, 2025 to examine, among other things, the financial results of the group for the first quarter ...

Here are the top business stories in Cyprus from the week starting April 21: Workplace equality, support for vulnerable groups, and social enterprises are becoming key priorities under ESG’s social ...

The Central Bank of Cyprus (CBC) on Friday announced that the reference interest rate for loan transactions has been set at 11.42 per cent. This reference rate serves as a legal ...

The Bank of Cyprus Holdings Public Limited Company announced on Friday that it has repurchased a total of 227,383 of its own ordinary shares between April 17 and April 24, 2025, as part of ...

The Mall of Cyprus (MC) Plc this week reported a strong financial performance for the year ended December 31, 2024, with net profit after tax reaching €10.46 million, up from €9.67 million in 2023. The ...

The Association of Cyprus Electronic Money and Payment Institutions (ACEMPI), part of the Cyprus Chamber of Commerce and Industry (Keve), held its annual general meeting earlier this month in Nicosia. ...

Cyprus recorded a positive economic growth rate of 3.4 per cent in real terms for 2024, with its gross domestic product (GDP) reaching €33.57 billion at current prices. In addition, according a report ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has warned that the United States’ decision to impose high tariffs on imports globally is exacerbating international economic uncertainty, with potential medium-term ...

Plum CEO and founder Victor Trokoudes has welcomed the European Central Bank’s (ECB) decision to cut interest rates, calling it a “strong signal” that the bank is delivering on ...

Here are the top business stories in Cyprus from the week starting April 14: Despite facing persistent structural challenges, the Cypriot manufacturing industry continues to demonstrate remarkable resilience in the face ...

Banks in Cyprus should not treat ordinary people with the same level of strictness as they do large organisations and investors, governor the Central Bank (CBC) Christodoulos Patsalides said on ...