Banking and Finance

The Cyprus competition commission on Thursday confirmed reception of a notification that Alpha Bank S.A., either directly or through Alpha Finance Investment Services S.M.S.A., intends to ...

The Bank of Cyprus on Thursday announced that the European Bank for Reconstruction and Development (EBRD), its last remaining legacy shareholder, has sold its entire stake in the lender. The ...

Consumer credit costs in Cyprus rose in July 2025 while overall new lending volumes fell sharply, according to the latest statistics released by the Central Bank of Cyprus. The figures, published ...

Bank employees’ union Etyk has issued a circular addressing growing speculation surrounding a potential takeover of the Cyprus Development Bank (CDB bank), stressing that it is monitoring developments closely. Etyk ...

The Bank of Cyprus Holdings Plc has announced the appointment of a new member to its board of directors. The announcement was published on September 1, 2025, through the Cyprus Stock Exchange. ...

The merger between Hellenic Bank and Eurobank Cyprus began today, September 1, 2025, with the transfer of all assets and liabilities of Eurobank Cyprus to Hellenic Bank. At the same time, the ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday launched a new quiz designed to help investors assess their ability to recognise investment fraud. According to an official announcement, the ...

Hellenic Bank has received all necessary supervisory approvals to complete its merger with Eurobank Cyprus on September 1, according to the announcement, marking what it described as a new chapter for ...

Deposits of Cypriot businesses reached a historic €12.5 billion in July 2025, up from €11.7 billion at the end of last year and €9.18 billion in December 2019, according to Central Bank of Cyprus (CBC) ...

Cyprus’ public debt is expected to fall close to 50 per cent of GDP by the end of 2025, well ahead of earlier targets that foresaw a drop below 60 per cent by ...

The European Banking Authority (EBA) has published a new report on the use of technology tools in anti-money laundering and countering the financing of terrorism (AML/CFT) supervision, also known ...

Eurobank has acquired 1,334,684 of its own shares between August 11-14, according to an announcement released this week. The bank reported that the average purchase price per share was €3.45, with a ...

The National Bank of Greece has acquired 300,000 of its own shares during the period from August 7 to August 14, at a weighted average price of €13.1384 per share, with a total cost ...

The Cyprus Stock Exchange (CSE) on Wednesday announced that trading of the 13-week government bonds, 5th issuance of 2025, with the code TB13E25, will be suspended. Trading will be halted ...

Euromoney, an international magazine focused on banking, finance and financial markets, has named the Bank of Cyprus (BoC) the best bank in Cyprus in its 2025 awards for excellence. This marks ...

The non-performing loans (NPL) ratio of the Cypriot banking sector remained steady at 5.9 per cent in May, when compared with April 2025, the Central Bank of Cyprus (CBC) said in a ...

The Finance Ministry has formally designated the authorities responsible for ensuring compliance with the European Union’s digital operational resilience rules in the financial sector. The announcement, published in the ...

The Finance Ministry on Monday announced that the public consultation on the package of bills concerning the planned tax reform has been extended. In a post on social media platform ...

The World Bank’s latest Global Findex Database shows that mobile phones and the internet are transforming financial inclusion worldwide, making digital financial services more accessible, affordable, and widely used. ...

The Finance Ministry on Wednesday announced the end of trading for the 13-week Treasury Bills, fifth issue of 2025, which were issued on May 30, 2025, and will mature on August 29, 2025. The security, ...

The European Banking Authority (EBA) this week reported that the EU and EEA banking sector remained robust in the first quarter of 2025, despite higher costs of risk. Publishing its quarterly ...

The Cyprus Stock Exchange (CSE) Council on Monday expressed “deep concern and disappointment” over what it deems to be “the exclusion of meaningful incentives for the capital market” in the ...

One year has passed since the launch of the interbank ESG assessment project for Cypriot businesses, implemented by Artemis Credit Bureau through the Synesgy platform. According to a statement by ...

The Bank of Cyprus is doubling down on its innovation drive this October, launching its sixth fintech hackathon while also joining TechIsland’s donor network to help strengthen the island’...