Alpha Bank Cyprus: A strategic financial partner to those with global ambition

Cyprus is fast becoming one of Europe’s most sought-after gateways for international business, offering a unique blend of geographic connectivity, EU access and a stable, forward-looking business environment. As Israeli companies and investors increasingly look toward Cyprus to establish regional headquarters, facilitate cross-border investments or structure their wealth efficiently, Alpha Bank Cyprus emerges as a strategic banking partner, trusted, well-capitalised and ready to support a global ambition.

With over 25 years of presence on the island, Alpha Bank Cyprus has grown into a key player in the financial services landscape, combining the agility of a local institution with the strength and depth of the Alpha Bank Group, one of the largest financial Groups in Greece. The Bank’s strategy for 2025 is built on a clear and focused foundation: delivering measurable value to customers, driving sustainable and responsible growth and reinforcing its role as a long-term financial partner to businesses, High Net Worth Individuals and Institutional clients operating across borders. This strategy is not theoretical; it is embedded in a wide-ranging transformation plan that touches every part of the organisation, from technological modernisation and product innovation to talent development and service delivery. It reflects Alpha Bank Cyprus’ ambition not only to respond to market needs but to anticipate them and to support its customers in navigating the complex and fast-evolving financial and regulatory landscape with clarity and confidence.

For Israeli stakeholders evaluating Cyprus as a base for European expansion or a strategic investment jurisdiction, Alpha Bank Cyprus offers far more than a traditional banking relationship. It provides access to deep regional expertise, a strong compliance culture and a tailored approach built on dialogue, partnership and mutual understanding. Whether the goal is to establish a Cyprus entity, facilitate international trade, manage family wealth or structure long-term investment vehicles, Alpha Bank Cyprus provides the tools, insights and support necessary to achieve it, anchored in a shared vision of long-term progress and cross-border success.

Expertise in International Banking

At the core of Alpha Bank Cyprus’ international proposition lies its dedicated International Banking Services (IBS) – specialised units located in Nicosia and Limassol that serve international customers’ unique needs. Whether supporting entrepreneurs setting up Cyprus-based entities, financing trade and operational flows or advising on complex cross-border transactions, the Bank has cultivated deep expertise in addressing the requirements of foreign individuals, international businesses and family offices.

Each international customer is served by a dedicated Relationship Officer – a multilingual professional with in-depth knowledge of international finance, compliance frameworks and structuring options. This high-touch, personalised model is one of Alpha Bank’s defining strengths. Combined with the robust digital capabilities of its “Alpha 360” banking platform, accessible via mobile and web, it ensures that customers can operate confidently from anywhere in the world.

International Banking services include:

• Smart deposit accounts tailored for international needs
• Cross-border payments and foreign exchange services
• Trade finance solutions and letters of credit
• Credit facilities and working capital financing
• Escrow accounts for transaction security
• Insurance products and risk management
• Access to legal and accounting networks through strategic partnerships

The IBS Units are undergoing continuous upgrades, powered by new-generation digital infrastructure and advanced systems. This sustained investment enables the development of innovative products and tailored customer solutions that address the increasing complexity of international transactions. From enhanced execution speed and digital onboarding to real-time data access and integrated compliance tools, these advancements are designed to meet the evolving demands of modern international banking.

In parallel, the IBS Units are backed by the broader Alpha Bank Group’s international presence, offering customers access to a regional footprint that includes Greece, Luxembourg and Great Britain. For Israeli businesses looking to use Cyprus as an entry point into the European market or as a base for broader global operations, Alpha Bank Cyprus offers the ideal combination of local insight, high-end infrastructure and group-wide connectivity.

A Bank in Transformation

Alpha Bank Cyprus entered 2025 with renewed momentum. Following a strategic reset aligned with the wider Alpha Bank Group, the Cyprus entity is executing a transformation plan that combines operational excellence, technological investment and growth across key business lines. Central to this transformation is strengthening the Bank’s capital position and risk profile. In 2024, the Bank successfully reduced its Non-Performing Loans (NPL) ratio to below 2%, one of the lowest in the local market, allowing for a sharper focus on business development, innovation and client experience.

Alongside operational gains, the Bank is actively growing its presence in sectors vital to Cyprus’ economic development, including trade, construction, health, professional services, tourism and education. Financing activity in these sectors has increased significantly, supported by a team of experienced corporate bankers who offer tailored credit structures and long-term partnership thinking.

The Bank’s Wholesale Banking division plays a pivotal role in this activity, offering flexible solutions to companies at different stages of growth, from mid-sized enterprises to established groups with international exposure. Thanks to its strong liquidity and access to capital, Alpha Bank Cyprus is a stable and responsive partner for businesses seeking to scale confidently.

Equally important is the Bank’s clear focus on digital transformation. With its proprietary Alpha 360 digital platform, the Bank has redefined convenience for individuals and businesses. A wave of more than 70 new digital banking services is expected to be launched by the end of 2025, offering enhanced functionality, real-time data and integrated tools that support daily transactions, liquidity management and long-term planning.

This combination of traditional relationship banking and advanced digital infrastructure is designed to meet the expectations of modern customers, especially those managing operations remotely or across multiple jurisdictions.

Wealth, Sustainability and Forward Vision

Alpha Bank Cyprus is also expanding its Wealth & Institutional Banking footprint. This new division caters to High Net Worth Individuals (HNWIs), Institutional investors and Family Offices seeking discretion, sophistication and performance. With strategic access to Alpha Bank Group’s deep knowledge and capability in the sector, as one of the largest players with €18.2 billion assets under management in Greece, customers benefit from institutional-grade investment advice, structured products, discretionary portfolio management, Depositary and Custody services.

As in all of Alpha Bank Cyprus’ offerings, the service model here is personalised. Advisors take the time to understand the client’s broader strategy, relocation, succession planning, asset diversification or philanthropic structuring and provide solutions tailored to long-term value creation.

In parallel, the Bank is embedding sustainability into its core strategy, both in how it operates and what it finances. It actively supports projects aligned with Cyprus’ energy transition, including renewable energy, infrastructure modernisation and ESG-aligned credit frameworks. Businesses prioritising environmental and social outcomes or seeking to embed ESG principles into their operations will find a like-minded partner in Alpha Bank Cyprus.

This sustainability ethos is also reflected in how the Bank engages with the broader community. By investing in talent, building a culture of inclusion and supporting long-term prosperity, Alpha Bank Cyprus is preparing for and helping shape the future.

As Cyprus evolves into a centre of excellence for international business, innovation and high-quality living, Alpha Bank Cyprus continues to evolve alongside it, enabling ambition, protecting wealth and building lasting relationships across borders. Whether you are an entrepreneur launching a venture in Cyprus, a corporate executive relocating part of your operations or a private investor seeking to structure and grow your portfolio in a stable, EU-based environment, Alpha Bank Cyprus offers the trust, tools and expertise to make it happen.

CONTACT INFORMATION

Alpha Bank Cyprus

To learn more about our International Banking Services and how we can support your ambitions, contact us by phone on (+357) 22885800 or by email at

international@alphabank.com.cy.

This article was first published in the special publication Doing Business in Cyprus. To view it, click here. To read the entire publication, click here.