Cyprus banks shut 370 branches and cut 4,634 jobs in a decade, ECB data shows

Cyprus banks closed 370 branches and cut their workforce by 4,634 employees over the ten years to 2025, according to an analysis of figures published by the European Central Bank (ECB) highlighting the rapid transformation of the island’s banking sector.

Compared with 2024, the number of bank employees fell by a further 259, while the branch network held steady at 193 island-wide, the data showed....