ASBISc Enterprises Achieves 72% Revenue Growth In February 2026

by THEFUTURE.TEAM

March 25, 2026

Strong Start To 2026

ASBISc Enterprises Plc (ASBISc), the renowned Cyprus-based IT distributor, announced its estimated consolidated revenues for February 2026 this week. The company reported a marked year-on-year increase, highlighting robust business momentum at the onset of the year.

Impressive Revenue Surge

The latest internal estimates indicate that consolidated revenues reached approximately $427 million in February 2026, a significant 72% increase compared to the $248 million recorded in February 2025. This substantial leap underscores the company’s strong market presence and effective business strategies.

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Board’s Commitment To Transparency

The board of directors of ASBISc had previously decided to publish monthly estimated consolidated revenues based on the best possible internal data. They also clarified that the reported figures might exhibit slight variations from the final consolidated data once the comprehensive audit is completed.

Looking Ahead

This remarkable performance not only reinforces ASBISc’s position in the competitive IT distribution landscape but also sets a promising tone for future growth. Observers and stakeholders alike will be keenly watching the company’s continued progress as it leverages its strategic strengths in a dynamic market.

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Cyprus Proposes New Credit Scoring System And Data Sharing Reform

by THEFUTURE.TEAM

March 25, 2026

Cyprus Ministry of Finance has submitted a package of seven amendment bills aimed at restructuring how credit data is shared and introducing a unified credit rating system for individuals and businesses. Proposals are currently under review by the Parliamentary Committee on Finance.

Unified Credit Data Exchange Framework

Reform is part of a broader effort to modernise financial infrastructure and improve data exchange between credit institutions. Changes cover key areas including banking operations, consumer credit, mortgage agreements, credit management, finance leases and the sale of credit facilities. This initiative is also linked to the Recovery and Resilience Plan, aligning financial sector reforms with wider economic policy.

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Advanced Credit Rating Mechanism

A central element of the proposal is the creation of a single credit score for borrowers. The system will use financial data from the past 24 to 36 months to assess the likelihood of default over the following 12 months. This approach is expected to improve lending decisions and support a gradual reduction in non-performing loans.

Empowering Regulatory Oversight And Data Security

Oversight will be assigned to the Central Bank, which will set operational rules, monitor compliance and impose penalties where needed. The framework also includes provisions on data protection and banking confidentiality, developed in coordination with the Office of the Commissioner for Personal Data Protection.

Structured Data Submission And Access Controls

Proposed legislation defines which entities must submit data and which can access it, introducing a tiered system based on operational needs. Participants will include banks, credit management companies and finance lease providers, all operating under defined conditions.

Reforms aim to simplify existing regulations and reduce overlaps between current laws, as Cyprus moves to modernise its credit system. Lawmakers are expected to review the package ahead of a vote before Parliament dissolves ahead of elections.

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