Cyprus’ banking sector has undergone a profound transformation since the 2013 financial crisis, marked by sweeping consolidation, branch closures, and a rapid shift towards digital banking.
Since 2013, several key players have exited the scene. Laiki Bank and the Cooperative Bank have both shut down.
Hellenic Bank, which absorbed the Cooperative, is now part of the Greek Eurobank group. In parallel, RCB surrendered its banking licence.
Alpha Bank, having acquired
