The Association of Cyprus Banks (ACB) expanded its financial literacy initiatives during 2025 and the first half of 2026, supporting Cyprus’ national strategy for financial education amid continued economic growth and pressure on households.
In an article published by its online publication Banking Insight, the ACB said its programmes complement the National Strategy for Financial Literacy and Education coordinated by the Cyprus Financial Literacy and Education Committee (CyFLEC), chaired by the Central Bank of Cyprus. The association contributes trainers, expertise and educational materials for students, young adults and other groups.
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Financial Education Expands In Schools
Cyprus recorded real economic growth of about 3.5% in 2025, while unemployment fell to historically low levels. Employment increased particularly strongly in construction, tourism and professional services, although labour shortages and greater reliance on foreign workers remained challenges.
At the same time, lower inflation eased some pressure on household budgets, while public finances remained stable and investment continued under European recovery programmes focused on digitalisation and sustainability.
Against that backdrop, financial literacy has become a greater policy priority. Since 2025, financial education has been incorporated into secondary schools, covering practical topics such as budgeting, saving and responsible borrowing. CyFLEC is coordinating the wider strategy for young people, adults and vulnerable households.
ACB Focuses On Practical Skills
The banking association has developed several programmes to make financial education more practical. Its “More than Money” initiative uses workshops and classroom exercises to teach secondary school students about budgeting, saving and responsible financial decisions.
For young adults entering the workforce, “Economics for Success” covers employment income, taxation, loans, basic investment concepts and long-term financial planning. ACB also participates in the European Money Quiz, which uses a competition format to test students’ knowledge of banking, personal finance and European economic concepts.
According to the association, these programmes are designed to give participants skills they can apply to everyday financial decisions rather than focusing solely on theoretical knowledge.
Housing And Labour Shortages Remain Challenges
The ACB’s assessment also points to several pressures facing Cyprus, including housing affordability, labour shortages and external economic risks. Migration, housing costs and economic modernisation are likewise reshaping the country’s social and economic environment.
A coordinated approach to financial education could help households make more informed decisions and strengthen their ability to manage future economic pressures, according to an assessment published by ACB Finance and Operations Department manager Vasso Michaelidou.
For Cyprus, the expansion of financial education comes alongside broader economic changes, making practical knowledge about saving, borrowing, taxation and long-term planning increasingly relevant to households and younger workers.







