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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.
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.
Read Michael Kammas's full insightThere 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.
Read Michael Kammas's full insight15 Demetriou Karatasou Street, 4th Floor, 2024 Strovolos P.O.Box 16113, 2086 Nicosia Cyprus
Tel: (+357) 22 664 293
Fax: (+357) 22 665 135
Email: info@acb.com.cy
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