Cyprus Banks Guide

Latest News and Articles

Deposits are getting cheaper, loans become more expensive

Deposits are getting cheaper, loans become more expensiveThe interest rates on deposits in recent months were dropped by more than 200 basis points, but at the cost of consumer and business loans it had no effect.  Read more »

A positive assessment from international lenders

A positive assessment from international lendersCyprus authorities are on the right track with determination to implement the agreed adjustment program. This is stated in a statement issued today, the “troika” of international creditors (European Commission, European Central Bank and the International Monetary Fund). It has completed during the period from 17 to 31 July its first quarterly assessment of the implementation of the memorandum of Cyprus on the conditions of the loan in the amount of 10 billion euros.  Read more »

Cyprus officially confirmed the writing off 47.5% of the deposits in the Bank of Cyprus

Cyprus officially confirmed the writing off 47.5% of the deposits in the Bank of CyprusThe amount of write-downs to the uninsured portion of deposits in the Bank of Cyprus will be 47.5% – the funds will be converted into shares of the bank, said on Monday the deputy spokesman of the Government of Cyprus Victor Papadopoulos at a briefing in Nicosia.  Read more »

Bank deposits in Cyprus fell in June for 5 billion euros

Bank deposits in Cyprus fell in June for 5 billion eurosThe total amount of deposits in the banking system of the Republic of Cyprus fell in June to 5.32 billion euro to the level of 50.69 billion euros. This was announced on July 25 the Central Bank of Cyprus.  Read more »

The number bank card payments has reduced

The number bank card payments has reducedIn June, the residents of Cyprus have reduced the number of operations with bank cards by 9%. According to the Cyprus Clearing Company JCC, the volume of overseas purchases also decreased – by 15%.  Read more »

Last Added Banks:

Bank of Cyprus

Bank of Cyprus LogoBank of Cyprus is a universal bank offering a classic banking services to individuals, small, medium and corporate business. The Bank of Cyprus was established in 1899 and now is the leading financial services group. Read more »

Alpha Bank Cyprus

Alpha Bank Cyprus LogoThe presence of the Alpha Bank in Cyprus began in 1998 with the acquisition of Lombard Natwest Bank which was renamed Alpha Bank Limited and later in Alpha Bank Cyprus Ltd. The Alpha Bank Cyprus Ltd is a company of Alpha Bank Group with a stake of 100%. Read more »

Hellenic Bank

Hellenic Bank Cyprus LogoThe Hellenic Bank began operations in 1976. Within a short time managed to establish itself as one of the strongest financial institutions in Cyprus. The bank currently have an integrated network 68 branches in Cyprus and 20 in Greece and manpower more than 2,000 people.  Read more »

Piraeus Bank Cyprus

Piraeus Bank Cyprus LogoPiraeus Bank (Cyprus) Ltd is a subsidiary company of Piraeus Bank Group – one of the most dynamic and active financial organisations in Greece today.  Read more »

USB Bank

USB Bank Cyprus LogoUSB BANK PLC (Universal Savings Bank Limited) was founded in 1925 as Yialousa Savings Bank.
It was one of the first companies ever registered in Cyprus. Read more »

Barclays Bank Cyprus

Barclays Banks CyprusBarclays Plc. – is one of the largest in the UK and the world financial groups with a wide network of subsidiaries, branches and offices in Europe, USA and Asia. The operating activities of the Group are implemented through its subsidiary Barclays Bank PLC. Read more »

PromSvyazBank Cyprus

PromSvyazBank Cyprus logoPromSvyazBank (rus. – ПромСвязьБанк) is one of the largest banks in Russia with headquarters in Moscow. PSB – one of the leading Russian private banks in Russia, is in the top 10 credit organizations in the country in terms of assets. Read more »

Societe Generale Cyprus

Societe Generale Bank Cyprus LimitedSociete Generale Cyprus was one of the first international banks have opened representative office in Cyprus in 1985. Read more »