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Leading banks in Greece and Cyprus are expected to report another quarter of strong profitability, supported by resilient lending activity, stable interest income and growing fee-based revenues, despite a more challenging interest rate environment. Analysts believe the sector continues to demonstrate solid earnings momentum as institutions benefit from healthy credit demand, disciplined cost management and robust capital positions. Among the strongest expected performers is B

Cyprus' financial system remains resilient and well-capitalised, but heightened geopolitical tensions, global economic uncertainty and emerging risks continue to pose significant challenges to long-term financial stability, according to the Central Bank of Cyprus (CBC). The warning comes in the bank's 2025 Financial Stability Report, which concludes that although the country's banking sector has strengthened considerably, vigilance remains essential in an increasingly uncerta

The Cyprus Securities and Exchange Commission (CySEC) has welcomed the publication of a follow-up assessment by the European Securities and Markets Authority (ESMA), which acknowledges the substantial progress made by the Cypriot regulator in strengthening its supervision of investment firms engaged in cross-border activities. The review, conducted by ESMA’s Peer Review Committee (PRC), concludes that CySEC has significantly enhanced its supervisory and enforcement framework

Cyprus stood out from the wider European trend in May 2026 by maintaining stable industrial production, even as both the euro area and the European Union recorded declines, according to the latest figures released by Eurostat. Seasonally adjusted industrial production in Cyprus remained unchanged on a monthly basis in May, following a modest increase of 0.1 per cent recorded in April 2026. While the country's output held steady, industrial production across the euro area de

The Cyprus Stock Exchange (CSE) announced on Wednesday that it will remove the shares of K. Kouimtzis and A.J. Green Shell from its emerging companies market, with the delisting scheduled to take effect on July 31, 2026. The exchange explained that the decision was reached after determining that both companies no longer satisfy the conditions required to ensure the orderly functioning of the market, a situation that it believes poses a risk to the protection of investors' int

Fiscal Council member Marios Clerides on Saturday called for the introduction of "ethical banking" in Cyprus as discussions continue over the establishment of a new cooperative bank on the island. Clerides said Cyprus’ financial sector needs banks "which think not only about profits but also about the borrower", adding that such institutions should "take into account the repayment capacity of their customers and do not only rely on collateral". At the same time, he acknow

The Hellenic Gambling Supervision and Control Commission (EEEP) has opened a tender process to appoint a “specialist legal and technical partner” that will help reinforce player monitoring and security measures across Greece’s regulated online gambling market. The initiative is part of the Greek government’s wider effort to strengthen supervision of the online gambling industry by improving player identification systems, enhancing anti-money laundering (AML) protections and

The Cyprus Securities and Exchange Commission (CySEC) has called on regulated financial institutions to strengthen their anti-money laundering and counter-terrorist financing frameworks following the conclusion of the European Union's transition period under the Markets in Crypto-Assets Regulation (MiCA) on July 1, 2026. In a circular issued this week, the regulator highlighted newly published guidance from the Authority for Anti-Money Laundering and Countering the Financing

The Central Bank of Cyprus has drawn attention to a new warning issued by the European Systemic Risk Board regarding the growing cybersecurity risks associated with advanced artificial intelligence technologies, stating that it will continue to monitor developments closely and expects financial institutions under its supervision to take proactive measures to strengthen their resilience against emerging threats. The warning focuses on frontier artificial intelligence models, w

The Cyprus Securities and Exchange Commission (CySEC) has levied an administrative fine of €2,000 against Topsmart Investments AIFLNP V.C.I.C. Limited after determining that the company failed to comply with regulatory obligations under Cyprus' investment fund legislation. The sanction was imposed following the regulator's assessment of the firm's compliance with the applicable legal framework governing alternative investment funds. The decision was formally adopted by the Cy

Malta may be sitting at the top of Europe’s growth table, but Cyprus is building the quieter, more balanced story. A new Euronews analysis, based on IMF projections, places Malta as Europe’s leading medium-term growth performer, with the island economy expected to grow by nearly 4% annually over the next five years. The headline is impressive. It reinforces Malta’s image as one of the eurozone’s most dynamic small economies, supported by tourism, online gaming, financial serv

Europe is seeing a quiet reshuffling of private wealth. For years, the continent’s largest economies — particularly the United Kingdom, France and Germany — were natural magnets for wealthy families, entrepreneurs and investors. Today, however, a different group of countries is gaining ground. Recent private wealth migration analysis, including the 2026 report published by Henley & Partners, suggests that high-net-worth individuals are increasingly looking beyond Europe’s tra

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning to regulated financial entities in Cyprus regarding the increasing cybersecurity risks linked to advanced artificial intelligence systems. The regulator has urged firms to reinforce their digital operational resilience and align their protections with the requirements of European regulatory frameworks. In a circular distributed to industry stakeholders, CySEC highlighted that so-called frontier AI

Regional air connectivity across Europe continues to face significant challenges, with island nations such as Cyprus particularly vulnerable to rising operational costs and increasingly rigid regulatory requirements, according to the European Regions Airline Association (ERA). Representing more than 50 airlines and over 200 organisations from across the aviation industry—including airports, aircraft manufacturers, suppliers and aviation service providers—ERA stressed that r

Binance, the world’s largest cryptocurrency exchange by trading volume, is reportedly facing the prospect of losing its ability to provide services to customers across the European Union beginning next month, as its application for regulatory approval in Greece is said to be heading toward rejection. According to information cited by Reuters from two sources familiar with the matter, the outcome could place the future of Binance’s operations in the European market in doubt as

US energy company Chevron has reaffirmed its confidence in Cyprus’ growing role within the Eastern Mediterranean energy landscape, with the Aphrodite natural gas development continuing to advance toward a final investment decision. Speaking in an interview published by Parliament Magazine, Chevron Cyprus country manager Basil Allam outlined the company’s long-term commitment to the region and described Cyprus as a strategically important component of Chevron’s broader energy

A significant overhaul of Cyprus trust legislation is being advanced through a bill submitted to Parliament by the Cyprus Bar Association, with the objective of modernizing one of the most important legal mechanisms used for asset management, business succession, wealth preservation and private estate planning. The proposal represents one of the most substantial reforms to trust law in recent years and is designed to update the existing legal framework while removing long-sta

A new report from Jefferies maintains a positive stance on Greek banks, keeping a buy recommendation for Alpha Bank, Eurobank, National Bank of Greece, and Piraeus Bank, arguing that the resilience of the Greek economy continues to support a favourable investment case. According to Jefferies, Greek banks are operating within one of the most attractive macroeconomic environments in Europe. The report highlights that the sector still trades at roughly a 15% discount compared

Cyprus began 2026 with continued economic momentum, as the country’s economy expanded by 3 per cent in the first quarter compared with the same period a year earlier, according to preliminary figures released on Tuesday by the Cyprus Statistical Service (Cystat). The latest data indicate that household spending, export performance, and strong activity across several major services industries played a central role in supporting growth during the opening months of the year. Mea

The European Central Bank (ECB) has again drawn attention to persistent weaknesses in Cyprus’ statistical reporting framework, according to its latest biennial review assessing the quality of data submitted by euro area member states. The assessment examined the accuracy, completeness, methodological soundness, and consistency of balance of payments and international investment position statistics reported throughout the eurozone up to the second quarter of 2025. Although the