Bank lending accelerates while deposits decline in March, Central Bank says

Total deposits recorded a net decrease of €66.3 million, in contrast to a net increase of €498.3 million in February

07:41 - 30 April 2025

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XM’s Costas Cleanthous to acquire majority stake in Ancoria Bank

The transformation of Cyprus’ banking sector continues unabated

13:28 - 29 April 2025

Popi Hadjioannou Demetriou appointed Chief Retail Banking Officer of Alpha Bank Cyprus

Hadjioannou Demetriou is a banking professional with over 30 years of experience including at Eurobank Cyprus

09:02 - 28 April 2025

Eurobank says takeover bid completed with final 97.99% stake in Hellenic Bank

Settlement of the consideration for shareholders who accepted the Takeover Bid was completed on 24 April

07:44 - 28 April 2025

Revolut reports €1.3b profit in 2024

Group revenue increased by 72% to $4.0b (£3.1b, €3.7b), up from $2.2b (£1.8b, €2.1b) in 2023

11:00 - 24 April 2025

Cyprus investment funds assets exceed €9b

More than 330 licensed investment entities are now active in Cyprus, CIFA AGM hears

10:43 - 11 April 2025

Revolut fined €3.5m by Lithuania for lax anti-money laundering controls

The London-headquartered FinTech giant has received the largest ever penalty imposed by the Lithuanian regulatory authority

10:18 - 11 April 2025

'Carrying our Home' interactive workshop for families at Bank of Cyprus Cultural Foundation

The event is inspired by the award winning Melita’s Kouta installation ‘Spectators in a Ghost City’

09:16 - 11 April 2025

CBC: February lending rates down, deposit rates up

All credit institutions in Cyprus proceeded with reductions in mortgage interest rates in February

15:22 - 10 April 2025

Michalis Louis: Cyprus is a reliable financial and business hub

Cypriot banks have the resources, capabilities and means to respond to these challenges effectively, Hellenic Bank's CEO said

08:30 - 09 April 2025

George Karatzias: Cyprus is a particularly attractive destination for EMIs and PIs

The CBC’s Executive Board Member discusses the Central Bank’s regulatory strategy at ACEMPI event

07:09 - 07 April 2025

Charis Kynigou named new Executive Member of AstroBank's Board of Directors

Kynigou has been working at AstroBank since February 2015

11:50 - 03 April 2025

NPLs down to 6.2% in December 2024

Non-performing loans decreased to €1.541 billion at the end of 2024, down from €1.598 billion in September that year

07:00 - 03 April 2025

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Financial Services

Bank lending accelerates while deposits decline in March, Central Bank says

XM’s Costas Cleanthous to acquire majority stake in Ancoria Bank

Popi Hadjioannou Demetriou appointed Chief Retail Banking Officer of Alpha Bank Cyprus

Eurobank says takeover bid completed with final 97.99% stake in Hellenic Bank

Revolut reports €1.3b profit in 2024

KEDIPES net cash inflow at €114.3m in Q4 2024

AstroBank announces €41.8m profit in Group Financial Results for 2024

CNP officially in the hands of Hellenic Bank for €182m

Hellenic Bank voluntarily adopts Corporate Sustainability Reporting Directive

Bank of Cyprus’ €29.5m acquisition of Ethniki Insurance (Cyprus) is taking shape

Eurobank comes close, but doesn’t fully acquire 100% of Hellenic Bank as expected

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