Compare Cyprus Banks & Their Services

There are plenty of banks in Cyprus, and they all offer different accounts, services and ways to manage your money.

We have brought them together in one place. See what's available, compare providers and narrow down the banks that suit your needs. From familiar local names to Cyprus subsidiaries and branches of international banking groups, we help you compare the options covered here.

Explore Cyprus banks

Banks in Cyprus

Browse Cyprus banks to find ones that suit your needs the best. Select a provider to learn more about their services, account options, eligibility, fees, and ways to apply.

Alpha Bank

Greek-owned subsidiary

Full personal and business banking in the Republic of Cyprus. Alpha Bank acquired substantially all of AstroBank's banking operations, assets and liabilities, effective 31 October 2025.

View Alpha Bank

Bank of Cyprus

Local Cyprus bank

Personal and business banking, with branch and ATM access in the Republic of Cyprus.

View Bank of Cyprus

Eurobank

Greek-owned subsidiary

Hellenic Bank and Eurobank Cyprus completed a legal merger in September 2025 under the name Eurobank Limited. Full-service personal and business banking.

View Eurobank

Ancoria Bank

Local Cyprus bank

A digital-first bank in Cyprus. Everyday personal and small-business banking.

View Ancoria Bank

National Bank of Greece (Cyprus)

Greek-owned subsidiary

A long-established Greek bank in Cyprus. Everyday personal and business banking.

View National Bank of Greece

Societe Generale Bank-Cyprus

Foreign-owned subsidiary

Societe Generale Bank-Cyprus Limited is majority-owned by Lebanon's SGBL. Business, corporate and international banking.

View Société Générale Bank

Bank types

What Types of Banks in Cyprus Can You Choose From?

Not every bank in Cyprus serves the same customer. Some are best for everyday banking, while others focus on businesses, international clients, or specific financial needs. Knowing how a bank is set up and who it serves can help you narrow down the best candidates.

Local Cyprus Banks

These are registered and run from Cyprus, like Bank of Cyprus and Ancoria Bank. They usually offer a broad range of everyday services, with branches and ATMs in the Republic of Cyprus. If you live in Cyprus and want a salary account, a card or a mortgage, a local bank is the usual starting place.

Foreign-Owned Subsidiaries

These are Cyprus-licensed banks owned by larger banking groups based abroad, such as Eurobank and Alpha Bank. They operate as local banks, with accounts, support and services designed for customers in Cyprus, while also drawing on the experience and international reach of the wider group.

This can appeal to you if you receive income from abroad, make regular international payments or manage personal or business finances across several countries. It's also a good setup if you want a bank with a presence beyond Cyprus. Your account will be with the Cyprus subsidiary, so its local terms and deposit protection apply.

Foreign Bank Branches

These are Cyprus offices of banks headquartered in another country. Unlike a subsidiary, a branch forms part of the overseas bank rather than operating as a separate Cyprus company. Most focus on business, corporate and international customers as opposed to everyday personal banking.

A foreign branch is a good match if your company trades across borders, you need banking support between Cyprus and another market, or you already work with the parent bank abroad. The parent bank's home country may also determine how deposits are protected, so check which scheme applies to the Cyprus branch.

Specialist Banks

These banks concentrate on a particular part of the market. Cyprus Development Bank mainly works with business and corporate customers.

These could be relevant if you have a clear goal, such as financing a company or arranging specialised business support.

Safety and regulation

Are Banks in Cyprus Safe?

Yes. Cyprus banks operate under EU banking rules, with safeguards designed to protect depositors and keep the system stable. Depending on their size, banks are supervised by the Central Bank of Cyprus or directly by the European Central Bank. They must maintain capital reserves, meet liquidity requirements and have plans in place for dealing with financial difficulties.

Eligible deposits are covered up to EUR 100,000 per depositor per institution, including accrued interest, with your eligible accounts at the same institution aggregated towards that limit. On a joint account, each holder is covered separately. For a branch of a bank headquartered in another country, coverage may be provided by that country's scheme, so check which scheme applies.

Banks in Cyprus must also follow EU rules for online security. These include extra identity checks for online payments and plans for responding to cyberattacks or major system outages.

If you are also considering digital payment options, keep in mind that they may protect your money differently. Some providers offer accounts covered by a deposit guarantee, while others keep customer funds separate from their own money under safeguarding rules.

Comparing banks against digital options?

View online payment providers

Account types

Which Types of Bank Account Can You Open?

Cyprus banks offer transaction accounts for everyday payments, savings accounts with different levels of access, notice accounts, and fixed-term deposits. You can open them for personal, shared, business, or international use, depending on the bank and your eligibility.

Personal Bank Accounts

These types of accounts cover everyday banking, from receiving your salary and paying bills to using a debit card and making transfers. Options include basic payment accounts, current and sight accounts, salary accounts, joint accounts and accounts for children or young adults.

Compare personal accounts

Savings Accounts

Choose an easy-access account if you want to withdraw your money freely. Notice accounts require you to wait before making a withdrawal, while fixed deposits lock in your money for an agreed term. The right option depends on the access you need and the interest available.

Compare savings accounts

Business Bank Accounts

These are designed for self-employed people, partnerships, companies and other legal entities. Cyprus banks offer accounts for everyday business transactions, payroll, local and international payments, foreign currencies and holding surplus funds.

Compare business accounts

Offshore and International Accounts

These accounts are designed for non-residents and customers who manage money across countries. Depending on the bank, options may include current, savings and fixed-deposit accounts in euros or foreign currencies, along with services for international payments and cross-border banking.

Compare offshore and international accounts

Guides

Cyprus Bank Guides

Learn more about banking products and services as well as the intricacies of banking in Cyprus.

Banking guide

1 min read

How to open a bank account in Cyprus

Documents, residency checks and what to expect from remote versus branch opening.

Read guide
Banking guide

1 min read

Bank account fees explained

Account maintenance, plus separate card, ATM and transfer costs.

Read guide
Banking guide

1 min read

Local bank vs Revolut

How a local current account compares with a digital alternative for everyday use.

Read guide

FAQ