17 h. ago Loan costs remain high in Cyprus while depositors see limited returns

The average interest rate for household time deposits up to one year in Cyprus stood at 1.16 per cent in the latest data published by the Central Bank of Cyprus, lagging behind the euro area average of 1.84 per cent. According to the CBC, the highest one-year household deposit rate among Cypriot banks was offered […]

Politics

4 d. ago Bank of Cyprus launches new ‘Joey Extras’ reward scheme for kids, parents

The Bank of Cyprus (BoC) launched its new, innovative and pioneering rewards programme, “Joey Extras”, on July 1, 2025. Specifically designed to offer unique benefits to “Joeyers” (children aged 9–17) and their parents or guardians, Joey Extras is activated automatically upon registration with the Joey app and issuance of a Joey card. Joey Extras delivers […]

Events

8 d. ago Cyprus house prices continue to rise in first quarter of 2025

The general house price index in Cyprus, which includes both houses and apartments, continued its upward trajectory on an annual basis during the first quarter of 2025, according to data published by the Central Bank of Cyprus (CBC). The increase came amid a slowdown in apartment price growth and a faster pace of increase in […]

Politics

8 d. ago Cyprus international investment position worsens in early 2025

Cyprus’ international investment position (IIP) deteriorated in the first quarter of 2025, recording a net liability of €31.01 billion compared to €29.18 billion in the fourth quarter of 2024. The figures are based on preliminary data for the first quarter of 2025 released by the Central Bank of Cyprus (CBC), covering the balance of payments, […]

Politics

8 d. ago Bank of Israel expected to hold rates, August cut seen as likely

The Bank of Israel is expected to leave short-term interest rates unchanged next week but analysts believe a cut is possible as early as August following a swift war with Iran that likely set back the Iranian nuclear programme. Ten of the 11 economists polled by Reuters said the central bank will keep its benchmark […]

Politics

9 d. ago Bank of Cyprus sheds €2.5B in real estate, marks biggest property sale in island’s history

Bank of Cyprus sheds €2.5B in real estate, marks biggest property sale in island’s history  Kathimerini.com.cy

Economics

1 week ago Bank of Cyprus updates voting rights after buyback programme ends

The Bank of Cyprus (BoC) on Tuesday announced that, as of June 30, 2025, its total issued share capital stood at 440,828,633 ordinary shares. Of these, 5,142,602 shares are held as treasury shares following the completion of its recently-concluded buyback programme. According to the announcement, each share carries a nominal value of €0.10 and entitles […]

Economics

1 week ago Eurobank eyes dual listing on Cyprus and Athens stock exchanges after Hellenic Bank exit

Eurobank eyes dual listing on Cyprus and Athens stock exchanges after Hellenic Bank exit  Kathimerini.com.cy

Politics

1 week ago Cyprus Business Now: Eurobank shares, Logicom, economic index, tax reform

Eurobank on Friday announced its intention to explore a parallel listing of its shares on the main market of the Cyprus Stock Exchange (CSE), following the successful completion of its acquisition of Hellenic Bank. This move marks what the bank described as “the largest foreign investment ever implemented in Cyprus”. The development comes in the […]

Economics

2 w. ago Eurobank considers CSE listing after Hellenic Bank acquisition

Eurobank on Friday announced its intention to explore a parallel listing of its shares on the main market of the Cyprus Stock Exchange (CSE), following the successful completion of its acquisition of Hellenic Bank. This move marks what the bank described as “the largest foreign investment ever implemented in Cyprus”. The development comes in the […]

Politics

2 w. ago Kedipes pays €60 million to state — total repayments reach €1.59 billion

State-owned asset management company Kedipes paid €60 million to the state on June 26, as part of the ongoing repayment of state aid previously provided to the now-defunct Cooperative Cyprus Bank. According to a statement by Kedipes released on Friday, the payment concerns the second quarter of 2025 and forms part of the gradual repayment […]

Economics

2 w. ago Building Stronger Bonds with Society – Bank of Cyprus Event Brings Together NGOs and Volunteers

Building Stronger Bonds with Society – Bank of Cyprus Event Brings Together NGOs and Volunteers  Kathimerini.com.cy

Sport

2 w. ago Central Bank of Cyprus maintains 1.5 per cent capital buffer

The Central Bank of Cyprus (CBC) on Friday announced that it has decided to maintain the countercyclical capital buffer (CCyB) rate at 1.5 per cent. The CBC explained that, in accordance with the Macroprudential Oversight of Institutions Laws of 2015 to 2022, it deemed it appropriate to keep the buffer unchanged. “The countercyclical capital buffer […]

Politics

2 w. ago Alpha Bank: Στα €205 εκατ. το τίμημα για την εξαγορά της AstroBank

Την υπογραφή της σύμβασης για εξαγορά της AstroBank γνωστοποίησε και με δική της ανακοίνωση (σ.σ. είχε προηγηθεί σχετική ανακοίνωση από την AstroBank) η Alpha Bank. Όπως αναφέρει στην ανακοίνωσή της, με την συγκεκριμένη εξαγορά η Alpha Bank Cyprus Ltd αναμένεται να εδραιώσει τη θέση της ως η τρίτη μεγαλύτερη τράπεζα στην Κύπρο, με σημαντική αύξηση στην επαναλαμβανόμενη κερδοφορία της. Το τίμημά της συναλλαγής που θα καταβληθεί κατά την ολοκλήρωση της εξαγοράς, η οποία αναμένεται εντός του τέταρτου τριμήνου του 2025, ανέρχεται σε 205 εκατ. ευρώ. Όπως υπογραμμίζει η Alpha Bank Cyprus, η συγκεκριμένη κίνηση ευθυγραμμίζεται πλήρως με τον στρατηγικό στόχο της Alpha Holdings για την ενίσχυση της παρουσίας της στην αγορά και της χρηματοοικονομικής της θέσης στην Κύπρο. Διαβάστε πιο κάτω αυτούσια την ανακοίνωση της Alpha Υπηρεσιών και Συμμετοχών Α.Ε.: Η Alpha Υπηρεσιών και Συμμετοχών Α.Ε. (η «Alpha Holdings») ανακοινώνει ότι η 100% έμμεση θυγατρική της, η Alpha Bank Cyprus Ltd (η «Alpha Ban...

Politics

2 w. ago Alpha Bank acquires AstroBank to become Cyprus’ third largest lender

AstroBank on Tuesday announced that it has signed an agreement to sell nearly all its assets, liabilities and staff to Alpha Bank Cyprus, creating the country’s third largest bank. According to the announcement, the agreement involves the full transfer of its banking assets and obligations, including its personnel, to Alpha Bank Cyprus. The bank said […]

Politics

2 w. ago Cyprus Business Now: real estate market, Eurobank, Stelios awards, renewables

Paphos has emerged as the strongest performer for high-end houses in Cyprus’ residential property market, according to a report released on Monday by Landbank Analytics. The report showed that average house prices surged 16.9 per cent year-on-year in Paphos, climbing from €593,000 in the first quarter of 2024 to €693,000 in the same period of […]

Economics

2 w. ago XM Owner Buys Cyprus’ Oldest Greek Newspaper After His Interest in a Bank

XM Owner Buys Cyprus’ Oldest Greek Newspaper After His Interest in a Bank  Finance Magnates

Economics

2 w. ago Cyprus Business Now: GDP forecast, Finance Minister, CSE privatisation, CySEC

The Central Bank of Cyprus (CBC) on Friday made a slight downward revision to the country’s growth forecast for 2025, adjusting it to 3.1 per cent from 3.2 per cent in March. At the same time, a significant reduction in the inflation estimate was also recorded, now set at 1.5 per cent from the previous […]

Politics

3 w. ago Faneromeni25 Arts Festival launches with captivating performance Aphrodite(s)

One more festival is about to join the summer cultural agenda bringing art and entertainment to Nicosia’s old town. The Faneromeni25 Arts Festival, an annual institution by the Bank of Cyprus Cultural Foundation will kick off its 2025 programme, which will run until September, with the mesmerising theatre and dance performance Aphrodite(s) by the Yasemin […]

Sport

3 w. ago Cyprus central bank launches programme to train financial educators

Central Bank of Cyprus (CBC) on Monday launched a new programme aimed at enhancing financial literacy among adults, with a strong focus on developing a network of trained educators across the country. The first two-day training session for trainers began at the CBC headquarters, forming part of a broader initiative to strengthen financial education through […]

Economics