The Association of Cyprus Banks (ACB) was first established in 1969. Today the Association is a non-profit professional organization and acts as the secretariat and executive body of member banks on sectoral issues and policies.

Its major objective is the representation of the interests of the banking industry and the formulation of common positions on several legislative and financial issues, especially in relation to compliance with the Central Bank of Cyprus and the relevant EU Directives and guidelines.

Insights | 19 August 2021

Michael Kammas

There is always enough space for any good company or bank to invest in a market with opportunities such as Cyprus. However, as the cost of regulation increases and competition from GAFAs, BigTechs and shadow banks intensifies, we should not preclude any further consolidation in the sector.

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Insights | 02 October 2020

Michael Kammas

Banks are now focusing on providing the widest possible support to the economy to minimise the pandemic impact and to safeguard the banking sector’s performance in the years ahead.

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