Association of Cyprus Banks

Acronym: ACB

General Information

Identification Code: 295337217844-11

Website: http://www.acb.com.cy

Entity Form: Company limited by guaranty

Registration Category: Trade and business associations

Registration Date: 6/16/2015

Last Update: 10/19/2023

Mission & Interests

Goals: The ACB was established in 1969 and is the formal voice of the local banking sector. The ACB is a non-profit organization that represents and promotes the interests of its member banks concerning banking business and practices. The ACB puts forward its members’ views and positions when local legislative and governmental policies are determined. Common positions are formulated on several banking and financial issues, especially in compliance with EU regulations and guidelines. Currently, the ACB, has 9 full members and 1 Associate Member.

Interests Represented: Promotes their own interests or the collective interests of their members

Interests:

Banking and financial services
Competition
Consumers
Digital economy and society
Economy, finance and the euro
Education and training
Fraud prevention
Research and innovation
Single market
Taxation
Trans-European Networks

Levels of Interest:

sub-national
european
national

Activities

Main EU Legislative Proposals: Digital Banking and Digital euro, Payment services, AML, Retail and consumer issues (mortgage credit, Payment Accounts Directive, PSD2, Banking Supervision and SSM, Financial Education,Cypercrime, Corporate Social Responsibility, Fiscal policies, Training, ESG.

Communication Activities: The Association publishes the Annual Report which includes the major activities of the Association during the year. The events campaign includes lunch breaks and other publicity events with local media and Parliament representatives during the current year. Member staff of the Association publish various articles in the local media concerning important banking and financial issues. POD cast productions are prepared on local banking issues.

Inter-institutional or Unofficial Groupings: N/A

Head Office

Address: 15 Demetriou Karatasou Street4th Floor, 2024 Strovolos

Post Code: 2086

City: Nicosia

Country: CYPRUS

Phone:

Indic Phone: 357

Phone Number: 22664293

EU Office

Address: 15 Demetriou Karatasou Street4th Floor, 2024 Strovolos

Post Code: 2086

City: Nicosia

Country: CYPRUS

Phone:

Indic Phone: 357

Phone Number: 22664293

Financial Data

Closed Year:

Start Date:

End Date:

Funding Sources:

Contributions:

Total Budget: 0

Grants:

Current Year:

Grants:

Membership Information

Members50 Percent: 8

Members: 8

Members F T E: 4

Info Members: The Association's employees are currently 16, from which 8 staff members spend around 50% of their work, that is around 18 hours per week on covered activity.