Cyprus Central Bank Upholds 1.5% Countercyclical Capital Buffer

by THEFUTURE.TEAM

September 29, 2025

Strategic Regulatory Decision

The Central Bank of Cyprus has announced its decision to maintain the countercyclical capital buffer (CCyB) for exposures in the Republic of Cyprus at 1.5 percent. This decision reaffirms the bank’s commitment to a robust financial regulatory framework, ensuring sufficient capital reserves to mitigate economic downturns and stabilize the banking sector.

Consistency in Policy Implementation

The current decision, implemented following the previous announcement on January 14, 2025, marks a deliberate stance toward preserving the enhanced buffer rate. The bank emphasized that the updated rate of 1.5 percent will be effective from January 14, 2026, reinforcing a systematic approach to capital adequacy requirements.

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Comparative Context and Financial Implications

Previously, the CCyB rate was set at 1 percent. The increase to 1.5 percent reflects the Central Bank’s proactive measures to support a resilient financial ecosystem. This adjustment is designed to provide additional support during periods of economic stress, positioning the Cypriot banking sector to better absorb shocks and sustain lending activities in volatile market conditions.

Future Outlook

As the economic landscape continues to evolve, this decision represents a strategic move in anticipation of future challenges. By opting to uphold the elevated CCyB rate, the Central Bank of Cyprus is signaling a forward-looking perspective, ensuring that capital buffers are sufficiently robust to accommodate emerging risks without compromising credit availability.

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Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

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ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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