#banking

Scheduled for a 2029 debut, the digital euro is designed to fundamentally redefine European finance as the digital twin of physical cash. Functioning as the third pillar of the European monetary ...

The landscape of commercial transactions in Cyprus is undergoing a profound shift as the island moves closer to a cashless society. While international payment giants have long dominated the fintech ...

The financial sector is being redefined in real time. From digital payments and embedded finance to regulatory transformation and intelligent automation, the way businesses manage and move money is undergoing ...

How is the Bank of Cyprus contributing to the ongoing evolution of the financial landscape in Cyprus? Financial evolution today means much more than digital payments or mobile apps. It ...

The latest edition of Cyprus 4.0 examines how Cyprus’ financial sector is adapting to rapid technological change, as banks, regulators and fintech firms respond to a global shift in how money ...

Cyprus’ general government recorded a surplus of €119.40 million in the fourth quarter of 2025, compared with a €94.90 million surplus in the same period of 2024, according to the state statistical service (Cystat). ...

During the administrations of the governments of Nicos Anastasiades and Nikos Christodoulides praise has been heaped on the economic performance of Cyprus by referring to statistics on its relatively rapid ...

The failure of the housing finance agency to implement a new banking information system represents a serious strategic breakdown, auditor-general Andreas Papaconstantinou said on Tuesday. He warned that prolonged delays, ...

One of the lesser known but more ambitious targets set by the Cypriot government in its programme for its six-month term as the holder of the Council of the European ...

The banking sector in Cyprus is undergoing a profound transformation. Recent economic turbulence has highlighted the urgent need for resilience, adaptability and forward-thinking innovation. In response, banks are evolving beyond ...

After a turbulent decade marked by restructuring, regulatory tightening and a gradual restoration of public trust, the island’s banks are entering a new chapter shaped by consolidation, rising profitability ...

Commerce Minister George Papanastasiou on Thursday offered his support for the establishment of a new cooperative bank. “The government supports the initiative, and I will undertake, as an obligation, to ...

Alpha Bank on Thursday announced a binding agreement to acquire the total assets and liabilities of AstroBank Public Company Ltd for €205 million, a move strengthening its presence in the Cypriot ...

The bicommunal technical committee on economic and commercial matters is examining ways to withdraw damaged euro notes that have accumulated in the north through the Central Bank, Greek Cypriot co-chairman ...

Parliamentarians on Monday discussed amendments to the law which would mandate authorities here to request access to individuals’ banking information where taxes or duties levied on behalf of the European ...

The Cypriot banking sector is in the best position it has been in a decade, experts said during a session on the sector’s response in an environment of elevated ...

Astrobank is looking to buy out CDB Bank as it branches out into acquisitions and mergers within Cyprus’ banking sector, it was reported on Saturday. The Cyprus News Agency cited ...

Finance Minister Makis Keravnos appears to have made it his mission to put Cyprus’ banks under his control, even though he has no such authority. The latest idea he has ...

Cyprus and global banking sectors are facing a cocktail of challenges that lead to radical change, banking expert Chris Davis told the Cyprus News Agency on Sunday, underlining that enhancing ...

The Bank of Cyprus on Tuesday announced that it generated a €95 million after-tax profit for the first quarter of 2023, a significant improvement over the corresponding period of 2022, when it recorded ...

European prosecutors on Friday questioned Lebanon’s Finance Minister Youssef el-Khalil, a senior judicial source said, as part of their probe into whether the country’s long-standing central bank governor ...

Banks have yet to react to an appeal from Finance Minister Makis Keravnos not to raise their interest rates on performing loans, forcing the minister to publicise his communications with ...

More than 4,000 accounts held by Russians in Cypriot banks could be closed over the next two months following the imposition of sanctions on a number of individuals in Cyprus, by ...

The Central Bank of Cyprus (CBC) reported this week that its January 2023 Bank Loan Survey had recorded stricter lending criteria for all categories of loans, resulting in reduced supply and ...