Banking and Finance

The Central Bank of Cyprus (CBC) has launched a tender seeking insurance providers to supply coverage under contracts initially lasting three years. The tender, numbered 19/2026, covers the CBC’s insurance ...

The new appointments to the Central Bank of Cyprus (CBC) board were formally confirmed on Friday, with Panikos Vakkou taking up his duties as an executive board member and Marios ...

The National Bank of Greece purchased 1,218,453 of its own common shares between September 22, 2026, and September 29, 2026, as part of the initial tranche of its ongoing share buyback programme, the lender announced ...

Alpha Bank will unveil its nine-month financial results for 2026 on October 30, 2026, while initiating a board committee restructuring following a director’s departure, the Greek lender confirmed in announcements released this ...

Eurobank has unveiled the winning architectural proposal for a €2 million day centre for people at the most severe end of the autism spectrum, with the project set to move into ...

Genikes Insurance on Friday announced that it has renewed its support for the Cyprus Fire Service this year by providing electrolytes, energy bars and operational equipment to help personnel during ...

Investment bank UBS has maintained a positive stance on European banks, identifying Greece as its preferred market amongst nations with heavy exposure to floating interest rates. Although global investors already ...

The Central Bank of Cyprus (CBC) imposed a €750,000 fine on Banque SBA Cyprus over failures to comply with anti-money laundering and counter-terrorist financing requirements identified during an inspection carried out ...

Artificial intelligence is set to fundamentally reshape retail banking in Europe by 2030, with early adopters expected to pull significantly ahead of competitors, according to new research from Visa. The study, ...

Bank of Cyprus (BoC) ranked 19th among the world’s mid-sized banks in Forbes’ first World’s Top Performing Banks ranking, making it the only Cypriot lender to feature on ...

National Bank of Greece is bringing senior technology and investment executives to Cyprus for Innovation Cyprus 2.0, with Microsoft, Mastercard, Amazon Web Services and leading investment funds set to take part ...

Bank of Cyprus (BoC) introduced transactions directly in Indian Rupees (INR) for businesses and individuals, according to the bank, as it seeks to expand payment links with India and strengthen ...

The European Banking Authority (EBA) has issued new guidelines on third-party arrangements supporting critical or important functions, as part of efforts to simplify the EU banking sector’s regulatory framework. ...

Recently I have been writing about financial matters and the risks associated with rising interest rates in the US. For sure, the phenomenon is not limited to the United States. ...

The European Central Bank launched a new service this week linking its payment system to blockchain-based financial markets and said ​it would invest some of its own money in digital ‌...

Turkish Cypriot leader Tufan Erhurman on Saturday met United Nations Secretary-General Antonio Guterres on the sidelines of the UN general assembly in New York, and afterwards denied assertions made by ...

Most banks will walk into 2027 dragging the same core they installed decades ago. A CIO asks for one new field on a mobile loan application, and the answer comes back: ...

Deposits and loans in Cyprus both recorded net increases in August, with annual credit growth accelerating further while total deposits climbed to €59.3 billion, according to figures released by the Central ...

Although the Cypriot economy has proved resilient to external shocks, posting positive growth numbers and low unemployment, it remains vulnerable to latent blind spots, the Fiscal Council said on Thursday. ...

Moody’s Ratings has raised the outlook on the National Bank of Greece’s long-term deposits to positive from stable, while confirming the lender’s long-term deposit and senior unsecured ...

Cyprus Securities and Exchange Commission (CySEC) chairman George Karatzias and vice chairman Loukas Lagoudis signed their contracts with Finance Minister Makis Keravnos on Tuesday, formally confirming their assumption of the ...

Moody’s confirmed Eurobank’s Baa1 long-term deposit and senior unsecured debt ratings this week, while raising the outlook on its deposit ratings to positive from stable. In its latest ...

When choosing a broker, traders usually prioritize spreads, the range of available assets, and regulatory status. Convenience is a parameter that rarely tops the criteria list at the outset, yet ...

Foreclosures remain a last resort, CBC analysis finds Cyprus’ foreclosure framework has helped produce a significant number of consensual settlements while keeping repossession of primary homes relatively limited, according to ...