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Eurobank Cyprus Adds Insurance To SME Banking Portfolio

Empowering SMEs With Comprehensive Solutions

Eurobank Cyprus has launched a campaign offering integrated banking and insurance services for small and medium-sized enterprises (SMEs). The initiative, branded “All That Your Business Needs Every Day,” combines financing, transaction services, and risk coverage within a single product framework.

Addressing Daily Operational Challenges

The bank’s offering focuses on core business needs, including liquidity management, payroll processing, and working capital support. Designed to centralize routine financial operations under one provider, the structure aims to simplify day-to-day administration.

Integrated Banking And Insurance Offerings

The package includes upgraded mobile and online banking tools, overdraft facilities, working capital financing, and corporate credit and debit cards. Card services include travel insurance and compatibility with digital wallets such as Apple Pay and Google Pay. Insurance components are integrated alongside traditional banking services, reflecting a bancassurance model aimed at consolidating financial and risk-management solutions.

Holistic Support For Strategic Growth

Beyond day-to-day operations, the bank offers payroll systems, payment processing tools, asset management, and investment advisory services. The combined structure targets both operational continuity and longer-term financial planning.

Streamlined Access To Expertise

Eurobank Cyprus has created a dedicated online portal with product details and an expression-of-interest form for businesses. The digital onboarding process is intended to simplify access to services.

The campaign expands the bank’s SME offering through bundled financial and insurance products within a single service platform.

Cyprus Strengthens Its Case As A European Chess Hub After FIDE President’s Visit

Cyprus is sharpening its position on the European chess map, with the island’s rising profile now drawing attention at the highest levels of the sport.

Fide Leadership Backs Cyprus’ Chess Ambitions

International Chess Federation (FIDE) president Timur Turlov, who also leads Freedom Holding Corp and Freedom24, met President Nikos Christodoulides at the Presidential Palace in Nicosia on Monday to discuss the future of chess development in Cyprus. The talks centered on the island’s growing importance in European chess and the momentum built since Freedom became general partner of the Cyprus Chess Federation in 2023.

“In three years, Cyprus has become one of Europe’s chess hubs, and we want to keep building on that,” Turlov said. “It was important for us to present our plans for chess on the island to the President, and we are grateful for his time and attention to the game.”

A Broader Strategy For Growth

Turlov was elected FIDE president on September 26 at the federation’s congress in Samarkand. His 2027–2030 programme calls for roughly €30 million in funding over four years to support global chess development, including an annual development fund of €6.2 million, nearly four times the current budget.

The proposed funding is designed to expand competition opportunities, strengthen youth development, improve chess education, support coaches and arbiters, accelerate digital tools, and promote women’s chess.

Cyprus Has Become A Proven Host For Major Events

Since Freedom became the federation’s general partner in 2023, Cyprus has hosted 26 tournaments, including stages of the FIDE Women’s World Grand Prix in Nicosia in 2023 and 2025. The island also welcomed the 2026 Candidates Tournament, which featured a €1 million prize fund and brought top international players to Cap St Georges Hotel and Resort.

For Cyprus, that event carried symbolic weight. It was the first time in the country’s chess history that the world’s leading contenders had competed on the island, underscoring its emergence as a credible destination for elite international chess.

Building A Pipeline For The Next Generation

The local ecosystem is also expanding at the grassroots level. The Freedom24 Chess Academy opened in Limassol on March 1, 2025, under the leadership of International Master Artem Sadovsky. Its mission is to develop competitive players capable of representing Cyprus on the international stage.

According to the Cyprus Chess Federation, around 2,000 people in Cyprus now play chess actively, most of them children. That matters: a sustainable chess economy, like any successful sports ecosystem, depends not only on marquee tournaments but also on a steady pipeline of young talent, coaching infrastructure and institutional support.

As Cyprus continues to invest in the game, it is increasingly positioning itself not just as a host nation, but as a serious contributor to the future of European chess.

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