Ellinas Finance has been honoured with two top accolades at the 2025 Global Banking & Finance Awards®, earning the titles of Best Alternative Credit Specialist – Cyprus 2025 and Best Factoring Company – Cyprus 2025.
These awards recognise the company’s sustained leadership in alternative financing and its continuous innovation in factoring solutions for Cyprus’s growing SME sector.
With over 30 years of experience, Ellinas Finance has provided more than €300 million in funding to households and businesses across Cyprus. Today, the company manages a loan portfolio of €25 million, supporting a wide range of clients with accessible, flexible, and personalised financing solutions.
A major driver of Ellinas Finance’s momentum has been its factoring services, which now process over €20 million in invoices annually, making the company the largest independent factoring provider in Cyprus. This service is particularly vital in Cyprus, where SMEs account for most of Cyprus’ non-financial enterprises, contributing significantly to employment and economic activity. Many of these businesses face difficulties accessing finance through traditional lending channels, making Ellinas Finance’s offering a crucial catalyst for their growth and resilience.
Nearchos Petrides, CEO of Ellinas Finance, stated, “We are honoured to receive these two international awards, which reflect the trust of our clients and the dedication of our team. As the financial services sector continues to evolve, our role is to stay ahead, designing solutions that are faster, more flexible, and more attuned to the real lives of our clients. These awards are not a finish line; they are a milestone on our journey of continued innovation and impact.”
Looking ahead, Ellinas Finance is focused on expanding its offering through the development of next-generation financial solutions that improve the everyday lives of young people. By embedding experiential, user-led design into new lending and microfinancing products, the company is making it easier—and more enjoyable—for the new generation to access finance in ways that reflect how they live, work, and plan for the future.
At the same time, Ellinas Finance is deepening its support for the SME ecosystem, further customising its financing solutions to address the unique needs of small and growing businesses across every sector. With more flexible financing, faster decision-making, and dedicated relationship management, the company acts as a true partner to SMEs, helping them scale with confidence.
Ellinas Finance is proud to be recognised alongside leading financial institutions worldwide. For the full list of winners, visit the Global Banking & Finance Awards® 2025 Winners page: https://www.globalbankingandfinance.com/global-banking-finance-awards-2025-award-winners
