8 h. ago S&P upgrades Bank of Cyprus outlook to positive on lower economic risk

S&P Global Ratings on Thursday revised the outlook of the Bank of Cyprus to positive from stable in Cyprus, citing lower economic risk for banks operating in the country and a more supportive macroeconomic environment. The rating agency confirmed the bank’s long-term and short-term credit ratings at BBB- and A-3, respectively, reflecting its view that […]

Economics

9 h. ago Planning payments? Banks in Cyprus will be shut on these dates

The Central Bank of Cyprus (CBC) has announced that all banks across the country will close on specific public holidays to mark the Christmas and New Year period. The announcement was issued to inform the public in advance so that individuals and businesses can plan their banking transactions accordingly. All banks will remain closed on […]

Economics

14 h. ago S&P revises Bank of Cyprus Outlook to Positive on resilient earnings and supportive environment; 'BBB

S&P revises Bank of Cyprus Outlook to Positive on resilient earnings and supportive environment; 'BBB-/A-3' ratings affirmed  cbn.com.cy

Politics

19 h. ago Cyprus Business Now: Fiscal Council, RIF, banks, OPAP, tourism, housing

Cyprus needs stronger coordination and closer, continuous monitoring of public projects to avoid delays and cost overruns by 2028, Fiscal Council president Michalis Persianis has warned, pointing to structural weaknesses in oversight and accountability. Speaking to the Cyprus News Agency (CNA), Persianis said that while there may be logical explanations for some projects continuing to […]

Economics

26 h. ago Is Bank of Cyprus Holdings Public Limited Company (318) stock undervalued at current price

Is Bank of Cyprus Holdings Public Limited Company (318) stock undervalued at current price - Layoff News & Verified Momentum Watchlists  Улправда

Economics

34 h. ago Bank of England lowers rates after tight vote but signals caution about further cuts

The Bank of England cut interest rates on Thursday after a narrow vote by policymakers but it signalled that the already gradual pace of lowering borrowing costs might slow further. After a sharp drop in inflation in data this week and a new forecast from BoE staff that growth will stagnate in late 2025, five […]

Politics

43 h. ago Cyprus Business Now: banks, tourism, housing, shipping, fast

The Bank of Cyprus (BoC) has signed a strategic partnership with Avenga for the co-development of a new digital platform leveraging Agentic AI and the full suite of Microsoft Azure AI services, marking a further step in the bank’s long-term digital transformation journey. The initiative forms part of the bank’s multi-year cloud strategy, developed in […]

Economics

61 h. ago Alpha Bank Cyprus marks milestone year after AstroBank acquisition

Alpha Bank Cyprus bets on green finance and innovation after merger Alpha Bank Cyprus on Wednesday said that 2025 marked a milestone year that reshaped its position in the local market. This follows the completion of the transfer of most banking activities of the former AstroBank after securing all supervisory approvals, a move aimed at […]

Politics

63 h. ago Bank of Cyprus partners with Avenga for new AI digital platform

The Bank of Cyprus (BoC) has signed a strategic partnership with Avenga for the co-development of a new digital platform leveraging Agentic AI and the full suite of Microsoft Azure AI services, marking a further step in the bank’s long-term digital transformation journey. The initiative forms part of the bank’s multi-year cloud strategy, developed in […]

Politics

65 h. ago Bank of Cyprus, Avenga, and Microsoft usher in a new era of conversational banking with Agentic AI

Bank of Cyprus, Avenga, and Microsoft usher in a new era of conversational banking with Agentic AI  cbn.com.cy

Politics

67 h. ago Cyprus Business Now: Keve, trips abroad, gaming, banks, AI, payment fraud

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday welcomed the signing of a new strategic agreement between Cyprus and France. In its announcement, the chamber said that the agreement “upgrades bilateral cooperation and creates tangible prospects for the Cypriot economy and business ecosystem” at a time of heightened regional and economic challenges. The […]

Economics

3 d. ago Cyprus banks see healthier loan portfolios, softer profitability

The Central Bank of Cyprus (CBC) on Tuesday reported a sharp improvement in loan quality across the Cypriot banking sector, alongside a decline in profitability, reflecting changing conditions across the domestic financial system. The Central Bank of Cyprus said the non-performing loans ratio of the Cypriot banking sector, excluding loans and advances to central banks […]

Economics

3 d. ago Sustainability must shape every business function, says Eurobank

Eurobank highlighted the importance of embedding environmental, social and governance (ESG) principles into core business strategy rather than treating them as a communications exercise, during its participation in the 4th Cyprus ESG Forum. The aim, according to the bank, is to promote accountability and sustainable practices across the business community. The forum, held in Nicosia […]

Economics

3 d. ago Alpha Bank Cyprus staff join forces to support families this Christmas

Christmas is the season that reminds us that the greatest value lies in giving. With this in mind, Alpha Bank Cyprus continues to support those in need this year as well, participating once again in the Pancyprian Volunteer Coordinating Council’s “Adopt a Family for Christmas” campaign.This year, the Bank chose to give its participation an […]

Politics

4 d. ago Cyprus bank workers win pay boost and extra leave in landmark deal

Cyprus bank workers win pay boost and extra leave in landmark deal  Kathimerini

Economics

6 d. ago Cyprus Business Now: EIB survey, AI adoption, Keve, unemployment, Eurogroup, PwC

Cypriot businesses are continuing to invest, innovate, and remain resilient in the face of geopolitical tensions and global trade disruptions, according to the latest European Investment Bank (EIB) investment survey for Cyprus. The survey found that investment activity in Cyprus remains strong, with almost all businesses making investments, primarily focusing on innovation, even though the […]

Politics

7 d. ago Cyprus business investment activity remains strong, EIB survey finds

Cypriot businesses are continuing to invest, innovate, and remain resilient in the face of geopolitical tensions and global trade disruptions, according to the latest European Investment Bank (EIB) investment survey for Cyprus. The survey found that investment activity in Cyprus remains strong, with almost all businesses making investments, primarily focusing on innovation, even though the […]

Economics

7 d. ago Central Bank of Cyprus keeps countercyclical buffer rate at 1.5 per cent

The Central Bank of Cyprus (CBC) on Friday announced that it deemed it appropriate to maintain the countercyclical buffer (CCyB) rate at 1.5 per cent, effective as from January 14, 2026. The CBC’s decision to leave the countercyclical buffer rate unchanged at 1.5 per cent was made under the legal framework governing the oversight of […]

Sport

7 d. ago Oncology data breach under investigation as authorities assess failings

The personal data protection commission has confirmed on Friday it is investigating a serious breach at the Bank of Cyprus oncology centre. The authority said it was informed by the centre in line with obligations under the general data protection regulation and national law, with the latter later having filed a complaint with the police […]

Events

7 d. ago Cyprus Business Now: AI, tourism, housing, banks, shipping, employment

Cyprus can secure a leading role in the next era of smart and sustainable tourism if it embraces Artificial Intelligence (AI) with urgency and strategic clarity, Deputy Minister for Research, Innovation and Digital Policy Nicodemos Damianou said on Wednesday, addressing a joint government conference on AI and tourism. Damianou opened his remarks by congratulating Deputy […]

Economics