Banking and Finance

Greece’s power grid operator on Thursday pushed back against mounting criticism over its demand that Cyprus cover part of the costs for the undersea electricity interconnection project linking Cyprus, ...

Alphamega hypermarkets signed an agreement to acquire Foody Market, the online supermarket service operating through the leading distribution platform Foody. The completion of the transaction, however, is subject to approval ...

Cyprus’ international investment position (IIP) deteriorated in the first quarter of 2025, recording a net liability of €31.01 billion compared to €29.18 billion in the fourth quarter of 2024. The figures are based on ...

Cyprus has formally approved the creation of a national mechanism for the control of foreign direct investments (FDI), following a cabinet decision on Wednesday. The move aims to strengthen the ...

Cyprus’ banking system liquidity fell by €4.5 billion in 2024 compared to the previous year, reaching €19.2 billion by year-end, according to data published on Wednesday by the Central Bank of Cyprus (CBC). ...

The Central Bank of Cyprus this week released monetary financial institutions (MFIs) deposit and loan statistics for May 2025, revealing a marked slowdown in deposit growth and a modest rise in ...

The Bank of Cyprus has received two major distinctions at the 2024 EMEA Finance Achievement Awards, recognising its €300 million green bond issued in April 2024. According to an announcement by the bank ...

Tourism revenue in Cyprus experienced a significant rise in April 2025, reaching €304.2 million according to the latest results from the passengers survey conducted by the state statistical service. This represents a 39.9 ...

Eurobank on Tuesday announced the development of a day care centre for people with disabilities over the age of 21, along with two independent living residences for adults with autism. According ...

The Bank of Cyprus (BoC) on Tuesday announced that, as of June 30, 2025, its total issued share capital stood at 440,828,633 ordinary shares. Of these, 5,142,602 shares are held as treasury shares following ...

The Columbia Group is set to acquire the Secret Valley resort from Bank of Cyprus’ real estate management unit (REMU) in a deal valued at over €130 million, it emerged on ...

The Cyprus Stock Exchange (CSE) on Monday released a statement formally welcoming Eurobank Group’s intention to pursue a dual listing of its shares on the CSE. The CSE described ...

Cyprus has been ranked among the 15 European countries most affected by digital payment fraud, despite recording one of the lowest overall loss totals and fraud case counts, according to new ...

Eurobank on Friday announced its intention to explore a parallel listing of its shares on the main market of the Cyprus Stock Exchange (CSE), following the successful completion of its ...

S&P Global Ratings has revised its outlook for Freedom Finance Europe Ltd., which operates under the Freedom24 brand, from stable to positive. At the same time, the credit ...

The association of former shareholders of the Bank of Cyprus (BoC) has written to the House of Representatives urging that they be included in the 2025 budget of the national solidarity ...

The Central Bank of Cyprus (CBC) on Thursday announced that it has decided to maintain the countercyclical capital buffer (CCyB) rate at 1.5 per cent. The CBC explained that, in accordance ...

Interest rates on both deposits and housing loans saw a general decline across Cypriot banks in April, according to detailed figures published this week by the Central Bank of Cyprus (...

The biggest US lenders are expected to clear the Federal Reserve’s annual health check this year, showing they have ample capital that can be used to boost dividends, analysts ...

Tax incentives offered to attract international and Cypriot professionals to Cyprus have resulted in €406.6 million in tax exemptions over a three-year period, benefiting 25,277 employees who moved to the island for ...

The Cyprus Stock Exchange (CSE) has announced the suspension of trading for two series of bonds issued by AstroBank Public Company Limited, following the bank’s decision to proceed with ...

Trade unions are raising objections over the privatisation of the Cyprus Stock Exchange (CSE), warning that staff rights have not been fully safeguarded under the draft law currently before Parliament. ...

AstroBank on Tuesday announced that it has signed an agreement to sell nearly all its assets, liabilities and staff to Alpha Bank Cyprus, creating the country’s third largest bank. ...

The Central Bank of Cyprus (CBC), which chairs the National SWIFT Users Group (NSUG), held a high-level online meeting on June 20, with the participation of 45 representatives from Cypriot financial institutions ...