The following list of banks in Cyprus is to be understood within the framework of the European single market and European banking union, which means that the Cypriot banking system is more open to cross-border banking operations than peers outside of the EU. The list leaves aside the country's National Central Bank, the Central Bank of Cyprus, within the Eurosystem.
European banking supervision distinguishes between significant institutions (SIs) and less significant institutions (LSIs), with SI/LSI designations updated regularly by the European Central Bank (ECB). Significant institutions are directly supervised by the ECB using joint supervisory teams that involve the national competent authorities (NCAs) of individual participating countries. Less significant institutions are supervised by the relevant NCA on a day-to-day basis, under the supervisory oversight of the ECB. [1] In the case of Cyprus, the NCA is the Central Bank of Cyprus. [2]
As of 1 September 2025, Bank of Cyprus was the only Cypriot banking group included in the list of significant institutions maintained by the ECB. [3]
Three Greek SI banking groups also have operations in Cyprus: Alpha Bank, Eurobank Ergasias, and National Bank of Greece. A study published in 2024 estimated that, following its acquisition of Hellenic Bank, Eurobank Ergasias had Cypriot assets of the same order of magnitude as Bank of Cyprus. [4]
Separately, AikGroup (Cyprus) Ltd, a Cypriot-based holding entity, is designated by the ECB as the consolidated entity of a Slovene SI that also includes Gorenjska Banka. [3]
As of 1 September 2025, the ECB's list of supervised institutions included six Cypriot LSIs, three of which were designated by the ECB as "high-impact" on the basis of several criteria including size: [3]
The three other Cypriot LSIs were: [3]
In addition to the above institutions under European banking supervision, the following are foreign branches operating in Cyprus as of 18 June 2025 [update] . [5]
| Full name | Call name | SWIFT code | Majority owner | Capital | Locations |
|---|---|---|---|---|---|
| Arab Jordan Investment Bank (CY) | AJIB-CY | AJIBCY2IXXX | Arab Jordan Investment Bank |  | Limassol, Nicosia |
| Banque SBA Cyprus | SBA | SBAACY2IXXX | Banque Libano-Française S.A.L. |  | Limassol |
| Central Cooperative Bank Branch Cyprus | CCB | BLOMCY2IXXX | Central Cooperative Bank PLC |  | Nicosia |
| Cyprus Branch of EFG Bank (Luxembourg) | EFG | ERBKCY2NXXX | EFG Bank (Luxembourg) SA |  | Limassol |
| First Investment Bank Cyprus Branch | Fibank | FINVCY2NXXX | First Investment Bank Ltd | | Nicosia |
| Jordan Ahli Bank (Cyprus) | ahli | JONBCY2IXXX | Jordan Ahli Bank plc | | Limassol |
| Jordan Kuwait Bank (Cyprus) | JKB | JKBACY2LXXX | Jordan Kuwait Bank plc | | Limassol |
A number of former Cypriot banks, defined as having been headquartered in the present-day territory of Cyprus, are documented on Wikipedia. They are listed below in chronological order of Cypriot establishment.
In addition, the Ottoman Bank deserves mention as having been the first modern bank established on the island, present there for nearly a century from 1864 to 1963. [6] [7]
Media related to Banks of Cyprus at Wikimedia Commons
