Michael Kammas

Functions as a College/University

Functions as a College/University

engages in the provision of electronic banking solutions

Founded in 1969, the Association of Cyprus Banks is a non-profit organization representing the interests of the Cypriot banking sector. The private company is based in Nicosia, Cyprus. It advocates on legal, regulatory, and banking matters to support the national economy and its members, which include eight banks operating 225 branches with a workforce of approximately 7,750 staff. The association manages significant financial volumes, including loans totaling €56.9 billion and deposits of €26.9 billion. Its organizational structure features a board of directors and leadership roles such as president and general manager. The association provides comprehensive banking sector overviews, financial data, and fosters collaboration with European banking institutions. It offers publications such as annual reports, the "Banking Insight" series, and press releases from the European Banking Federation, covering topics like EU banking regulations, financial stability, and anti-money laundering. The association promotes financial education through initiatives such as the European Money Quiz and seminars, and runs ongoing anti-fraud campaigns. It organizes workshops on tax reform, discussions on digital euro initiatives, and strategic collaborations with the Cyprus Chamber of Commerce and Industry. Leadership updates and sector news are regularly communicated to members and the public.