Cy & Gr News

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