The Future of Banking in Cyprus

EY Cyprus The Future of Banking in Cyprus

The report has been developed in consultation with local banking experts and senior industry representatives. It seeks to provide an overview of the sector as we know it today and to present a framework for collaborative and forward-looking discussion. There are many factors, challenges, and opportunities to reflect on as we debate and consider the future of banking in Cyprus.

Featured insights

⠀
Skip

Swipe to discover

How a cosmetics giant’s transformation strategy is unlocking value

Is the digital home immune to the cost-of-living crisis?

Read more

What if the difference between adversity and advantage is a resilient board?

Read more

View more stories

Cyprus Updates

Subscribe to EY’s newsletters to keep up to date.

Strategy, transactions and transformation

EY can help you realize your ambitions by offering a radically different approach to connecting strategy, transactions, transformation and technology, where design and delivery inform each other at every step.

Explore

Sustainability

Sustainability is everybody’s business. Explore EY insights to see how your business can reframe sustainability to protect and create new sources of value.

Explore

EY Tax Guide: How to plan your tax agenda

Tax Agenda helps businesses keep up with the changing tax environment. It includes a selection of important tax topics for countries in a given region, updated on a regular basis. EY professionals are available in each country to discuss any questions you have about the topics we cover.

Reframe Cyprus

What if your organization could reframe its future? What if your bold vision could be transformed into a sustainable reality?

Our technology awards and recognition

The 2023 International Business Awards honored EY Fabric with the Grand Stevie Award for the Highest-rated New Product Nomination of the Year. Our technology awards are a testament to how we are harnessing technology to drive positive human impact.

Explore our achievements

Case Study

The better the question The better the answer The better the world works

Case Study

How a cosmetics giant’s transformation strategy is unlocking value

Shiseido, the largest Japanese beauty company, is reimagining its functions, processes and systems to create a global operating model.

Case Study

The better the question The better the answer The better the world works

Case Study

How do you drive global transformation in a matrixed organization?

External tech vendors; multiple countries, regions and languages: Executing change on this scale demands a strategic approach.

[an error occurred while processing this directive]

Case Study

The better the question The better the answer The better the world works

Case Study

A global initiative, executed with a strategic mindset

EY teams galvanized multiple capabilities across geographies, connecting transactions, transformation and technology, in a single team.

[an error occurred while processing this directive]

Team of researchers inspecting charts on interactive screens

Case Study

The better the question The better the answer The better the world works

Case Study

Integration builds a platform for future growth

Greater transparency, richer data insights and smoother operations unlock value for the client, employees and customers.

[an error occurred while processing this directive]

Two scientists standing in laboratory, looking into microscopes

See more case studies

Woman standing alone in a cenote in Mexico

Creating long-term value for all stakeholders

At EY, we measure success by the value we create for EY people, clients and society – alongside financial performance. Find out how.

Read our 2023 annual report

Featured press releases

News release: EY Cyprus signs MoU with University of Cyprus

EY Cyprus has signed a Memorandum of Understanding with the University of Cyprus to offer scholarships to current and prospective students along with employment opportunities at EY.

7 Dec 2023 Nicosia CY

News release: EY organised its 3rd Annual Corporate Reporting Insights event

The event, which was held on 22 November 2023, at Lemon Park, was attended by senior executives from Cypriot and multinational corporations..

29 Nov 2023 Nicosia CY

More press releases

EY Cyprus joins SupportCY network

EY Cyprus proudly announces that it has joined SupportCY and intends to work closely with the network and support its initiatives and activities to meet a wide range of needs of the Cypriot society.

19 Jul 2023

EY report: Governments need new ways of working to seize digital opportunities

Findings of report were presented during transformation leadership event organised by EY under the auspices of the Deputy Ministry of Research, Innovation and Digital Policy

11 Apr 2023

Survey: Gender Equality in the Insurance Sector

EY and the Insurance Association of Cyprus present survey on Gender Equality in the Cypriot Insurance Sector

21 Mar 2023

Visit the newsroom

Kollegen arbeiten gemeinsam im Server-Steuerungsbild

EY Entrepreneur Of The Year™ Cyprus

EY Entrepreneur Of The Year™ is a unique global program that recognizes entrepreneurial achievement among individuals and companies that demonstrate vision, leadership and success, and work to improve the quality of life in their communities, countries and around the world.

Cyprus Tax Facts 2023

This year's Tax Facts publication provides information regarding the Cypriot tax system,

based on current legislation and tax practices, in relation to the fiscal year 2023.

Transparency Report

Our latest report sets out how we address our public interest responsibilities with both the companies we audit and our people.

Download now

Close up of gavel, Male lawyer or judge Consult with client and working with Law books, report the case on table in modern office, Law and justice concept

Koukounis, Karaolis LLC

Our lawyers understand the complex tax, regulatory and commercial laws of today’s economy. With our multidisciplinary, one-stop shop approach, we help reduce the gap between business advisors and legal counsel, increasing efficiency and speed to market, while reducing costs.

EY Academy of Learning & Development

EY Academy of Learning & Development delivers a wide spectrum of learning programmes, based on the assessment of learning needs in various levels, supported by detailed instructional design and followed by an in depth evaluation of learning outcomes.

Click Here

EY Cyprus Career Opportunities

We bring extraordinary people, like you, together to build a better working world.

Find Out More

Our team

On the agenda (8)

Skip

Long-term value

Featured: How can Europe attract next-generation inward investment?

Discover

Diversity, equity and inclusiveness

Featured: How EY is working to uplift social equity through authentic storytelling

Discover

Strategy by EY-Parthenon

Featured: Five generative AI initiatives leaders should pursue now

Discover

Technology

Featured: How to navigate global trends in Artificial Intelligence regulation

Discover

Purpose

Featured: 8 transformative actions to take in 2023

Discover

People and workforce

Featured: How can a rebalance of power help re-energize your workforce?

Discover

Inclusive growth

Featured: If climate change is everybody’s business, how can all benefit from green leadership by the few?

Discover

Entrepreneurship

Featured: How to think strategically in a changing technological landscape

Discover

Young businesswoman working on a digital tablet

Working at EY

At EY each of us strives for better in everything we do. It's how we approach our work with each other and with our clients.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

EY | Assurance | Tax | Transactions | Advisory

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EYG/OC/FEA no.

ED MMYY

This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.

Topics

General

People

Trending

The Future of Banking in Cyprus

Featured insights

Is the AI buzz creating too much noise for CEOs to cut through?

EY Future Consumer Index: when talk turns into action, be set for change

Why should financial institutions be on a mission to reduce emissions?

EY.ai - A unifying platform

Why human-centered transformation design is critical for universities

If you could meet tomorrow’s consumers today, what would you ask?

How artificial intelligence can augment a people-centered workforce

If there’s no silver bullet, can green tech hit the target?

Five generative AI initiatives leaders should pursue now

Is your greatest risk the complexity of your cyber strategy?

How can a rebalance of power help re-energize your workforce?

Are you reframing the future of asset management or is it reframing you?

How a cosmetics giant’s transformation strategy is unlocking value

Is the digital home immune to the cost-of-living crisis?

What if the difference between adversity and advantage is a resilient board?

Cyprus Updates

Strategy, transactions and transformation

Sustainability

EY Tax Guide: How to plan your tax agenda

Reframe Cyprus

Our technology awards and recognition

How a cosmetics giant’s transformation strategy is unlocking value

Shiseido, the largest Japanese beauty company, is reimagining its functions, processes and systems to create a global operating model.

How do you drive global transformation in a matrixed organization?

External tech vendors; multiple countries, regions and languages: Executing change on this scale demands a strategic approach.

A global initiative, executed with a strategic mindset

EY teams galvanized multiple capabilities across geographies, connecting transactions, transformation and technology, in a single team.

Integration builds a platform for future growth

Greater transparency, richer data insights and smoother operations unlock value for the client, employees and customers.

Direct to your inbox

Creating long-term value for all stakeholders

Featured press releases

News release: EY Cyprus signs MoU with University of Cyprus

News release: EY organised its 3rd Annual Corporate Reporting Insights event

More press releases

EY Cyprus joins SupportCY network

EY report: Governments need new ways of working to seize digital opportunities

Survey: Gender Equality in the Insurance Sector

EY Entrepreneur Of The Year™ Cyprus

TaxLegi

Cyprus Tax Facts 2023

Transparency Report

Koukounis, Karaolis LLC

EY Academy of Learning & Development

EY Cyprus Career Opportunities

Our team

On the agenda (8)

Long-term value

Diversity, equity and inclusiveness

Strategy by EY-Parthenon

Technology

Purpose

People and workforce

Inclusive growth

Entrepreneurship

Discover more

Working at EY