Athlos Capital hosts events promoting financial literacy and well-being in Cyprus

As part of its corporate social responsibility initiatives, Athlos Capital recently hosted two significant events dedicated to promoting financial literacy and well-being in Cyprus.

These initiatives, held at Athlos House, reflect Athlos Capital's commitment to addressing critical financial challenges and empowering individuals with practical tools for financial growth.

The first event, an exclusive dinner, was honored by the presence of His Excellency, the President of the Republic of Cyprus, Nikos Christodoulides, alongside distinguished guests and key stakeholders from the financial sector. During the dinner, organised in collaboration with the Financial Wellbeing Institute, the urgent need to address low financial literacy levels in Cyprus was highlighted. According to European Commission statistics, Cyprus ranks among the lowest in the EU. Athlos Capital’s CEO, Yiannos Petri, emphasised in his address that financial literacy is critical for achieving financial well-being, calling for enhanced public awareness and innovative solutions.

During his speech, Yiannos Petri introduced Sophic, Athlos Capital's pioneering platform that provides access to government bonds and Treasury Bills. He explained how Sophic supports individuals and businesses in making informed and diversified investment decisions. “Through Sophic, we not only offer alternative investment options yielding higher returns compared to traditional deposits, but also contribute to the local economy by lowering borrowing costs for the state,” he stated.

Mr. Petri further underlined the need for the implementation of practical solutions and proposed specific policy changes, which could encourage Cypriots to adopt safer and more rewarding financial options.

Additionally, Athlos House hosted a press conference by the Financial Wellbeing Institute, where the results of a groundbreaking survey on financial literacy in Cyprus were presented. According to the survey, the General Financial Well-being Index for Cypriots stands at 51.4 (out of 100), marking a decline from 56.7 in 2023. The findings showed that men exhibit higher financial well-being (55.4) compared to women (45.9). Furthermore, individuals aged 25-29 and those earning up to €20,000 annually recorded the lowest financial well-being scores.

These two events underscore Athlos Capital’s dedication to fostering a culture of financial empowerment and collaboration. As part of its Corporate Social Responsibility, Athlos Capital calls on other financial organisations to unite efforts in promoting financial literacy across Cyprus.

On Thursday, 12 December 2024, at 18:30, Athlos House will host the hybrid discussion “Financial Wellbeing Talks: The World of Bonds”. To attend the discussion, click HERE.

About Sophic

Sophic is a user-friendly platform designed to optimise the liquidity management of its clients. Through Sophic, investors can select Treasury Bills that align with their financial goals while diversifying their funds by investing in various T-bills, thereby reducing risk.

The platform stands out by offering easy access to high-credit-quality T-bills issued by entities such as the European Union, France, and Germany, with current yields reaching approximately 2.9% annually. Sophic is a service provided by Athlos Capital, regulated by the Cyprus Securities and Exchange Commission (CySEC), and authorised to provide cross-border services across the European Union.

About Athlos Capital

Athlos Capital is an independent investment firm regulated by the Cyprus Securities and Exchange Commission (license number 348/17). Renowned within the investment community, Athlos Capital provides services including trading in financial instruments, specialised access to bond markets, custody services, and portfolio management.