23 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

43 h. ago Eurobank S.A. honoured at 13th Invest Cyprus International Investment Awards

Eurobank S.A. has been honoured at the 13th Invest Cyprus International Investment Awards for its decisive contribution to the Cypriot economy through its strategic investment in Hellenic Bank and its vote of confidence in the country’s banking system and economy. The award ceremony was held at the annual awards organised by Invest Cyprus in collaboration […]

Economics

2 w. ago Cypriot banks strengthen capital buffers, ECB figures confirm

Cyprus’ banking sector recorded one of the highest profitability and capital adequacy levels in the European Union at the end of 2024, according to the European Central Bank (ECB). The figures revealed that Cypriot banks recorded the third-highest return on equity (RoE) across the EU at the end of December 2024, reaching 17.7 per cent. […]

Politics

4 w. ago Cyprus Business Now: shipping, film industry, Finance Minister, banks, tourism

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday urged Cypriot banks to remain “vigilant and adaptive” in the face of mounting global uncertainty, stressing their role as “pillars of trust and economic stability”. Speaking at the annual general meeting of the Association of Cyprus Banks (ACB), held at the Hilton Nicosia, Patsalides outlined key priorities for […]

Economics

4 w. ago Presidential palace hosts blood donation drive for World Blood Donor Day

The presidential palace held its annual blood donation drive on Wednesday, ahead of Saturday’s World Blood Donor Day. The event was co-organised by the Bank of Cyprus’ SupportCY network, which supports healthcare initiatives and “various needs of the Cypriot society”, as well as the Cyprus blood bank and the presidency itself, and aimed to bolster […]

Politics

4 w. ago Keravnos urges banks to lend more, support startups and green growth

Finance Minister Makis Keravnos on Thursday called on the Cypriot banking sector to step up lending, support innovation and startups, and embrace cultural change through digital transformation. “The challenges facing the banking sector are significant and require continuous adaptation, innovation and investment,” he said during the annual general meeting of the Association of Cyprus Banks. […]

Politics

4 w. ago Financial stability in Cyprus not to be taken for granted, warns CBC chief

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday urged Cypriot banks to remain “vigilant and adaptive” in the face of mounting global uncertainty, stressing their role as “pillars of trust and economic stability”. Speaking at the annual general meeting of the Association of Cyprus Banks (ACB), held at the Hilton Nicosia, Patsalides outlined […]

Events

last month Cyprus Business Now: Eurobank, hospitality, tourism, illicit trade, real estate

The Cypriot banking sector has undergone an impressive transformation since the 2013 financial crisis and has emerged stronger, more resilient, and better aligned with international standards, according to Wim Mijs, Director General of the European Banking Federation (EBF). Speaking to the in an exclusive interview with the Cyprus News Agency (CNA), Mijs highlighted the substantial reduction of non-performing loans, […]

Economics