Banking and Finance

Hellenic Bank on Thursday reported a profit of €45 million for the first quarter of 2025, with the bank saying that this underscores the strength of its business model. Moreover, the bank ...

Real estate sales in Cyprus rose by 12 per cent in the first four months of 2025 compared with the same period last year. In addition, figures for the month of April ...

Fintech app Plum, which also has offices in Cyprus, has reported a noticeable shift in the investment behaviour of its Greek users in 2025. According the company, this is the result ...

European financial technology provider payabl. on Wednesday announced a new integration with AI-driven fraud platform Sift. The company, which has a precense in Cyprus, said that the new collaboration will ...

Deposit interest rates in Cyprus declined in March 2025 for both households and businesses, reflecting a softening trend in returns on short-term savings, according to the Central Bank of Cyprus (CBC). ...

Credit rating agency Moody’s on Tuesday upgraded the long-term deposit ratings of the Bank of Cyprus to A3 from Baa1, reflecting continued strengthening of the bank’s financial position. ...

Residential properties in Cyprus sold under foreclosure in the final quarter of 2024 lost significant value, with six primary residences auctioned off at an average discount of 26.7 per cent from their ...

Cyprus’ banking sector has undergone a profound transformation since the 2013 financial crisis, marked by sweeping consolidation, branch closures, and a rapid shift towards digital banking. Since 2013, several key players have ...

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 ...