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Bank Of Cyprus Empowers Youth With Innovative Environmental Initiative

The Bank of Cyprus, a leader in financial innovation (Bank of Cyprus), has launched a pioneering youth-focused initiative aimed at addressing environmental risks and bolstering community resilience. This strategic move underscores the bank’s commitment to engaging younger generations in pivotal social and environmental challenges.

Focus On Flood Preparedness

In a recent announcement, the bank revealed that its inaugural event concentrated on the prevention and response to flooding. The session, held at the head office, provided a platform for final-year high school students to immerse themselves in the critical dynamics of flood management, reflecting a broader effort to integrate climate resilience into education and community planning.

Collaborative Approach To Environmental Resilience

The workshop was organized under the auspices of SupportCY and in collaboration with esteemed partners including the University of Cyprus’ Kios Center of Excellence (University of Cyprus), the Ministry of Education, Sports and Youth, and the Cyprus fire service. Participants engaged in experiential simulations, collaborating in groups to devise flood-prevention proposals, communication strategies, and practical measures for enhancing sustainability in schools and local communities.

Empowering The Next Generation

The initiative, named “Young People Ask and Provide Solutions,” is an extension of the bank’s ongoing debate program, “Young People Ask.” It is designed not only to strengthen climate resilience but also to foster a sense of personal responsibility among young citizens. “Today’s event demonstrated that the new generation has the will, enthusiasm and creativity to offer solutions to real challenges and contribute to a more resilient society,” stated the Manager of Corporate Social Responsibility at Bank of Cyprus.

Bridging Education And Technology

SupportCY’s Head of Operations, Marios Stavrou, emphasized the necessity for young people to comprehend the multifaceted nature of the climate crisis early on. By simulating real-world decision-making, the students gained insights into the collaborative efforts required to manage the consequences of extreme weather events. Assistant Professor Mattheos Panteli of the Kios Center of Excellence further highlighted that interactive events like this illuminate the potential of cutting-edge technology to address climate change, ensuring that tomorrow’s leaders are well-prepared for future challenges.

A Sustainable Future Through Strategic Collaboration

Officials representing the ministries of interior and education reviewed the students’ proposals, while experts from the Cyprus fire service lent their invaluable expertise during the exercises. The Bank of Cyprus remains committed to giving young people a platform to voice their ideas, aspiring for their innovative solutions to be recognized and implemented by decision-makers.

doValue Cyprus Strengthens Market Leadership With New Astrobank Portfolio

Expanding Market Influence

Loan and real estate management firm doValue Cyprus has significantly reinforced its domestic presence in non-performing loan servicing by acquiring a new portfolio from Astrobank Public Company Limited. This development follows Astrobank’s recent transition, marked by the transfer of key operations to Alpha Bank Cyprus Limited and the subsequent surrender of its banking licence.

Strategic Acquisition And Swift Execution

Finalized on November 3, 2025, the agreement underscores a decisive strategic shift as doValue Cyprus assumes management of Astrobank’s remaining portfolio. The immediate commencement of portfolio management is a testament to the firm’s commitment to delivering specialized, resilient solutions within the non-performing loan market.

Expertise Driving Market Growth

Chief Executive Officer Varnavas Kourounas emphasized that the latest portfolio acquisition not only expands the firm’s operational footprint but also validates its credibility and deep expertise in the competitive Cypriot financial sector. The strategic move is aligned with the broader growth ambitions of the doValue Group.

Broader Market Implications

Operating as part of the international doValue Group—the largest independent loan and real estate management organization in Southern Europe—doValue Cyprus is well-positioned to leverage its newly expanded portfolio. With approximately €136 billion in assets under management, the group maintains a dominant presence across Italy, Greece, Spain, Portugal, and Cyprus. Moreover, its subsidiary, Altamira Real Estate, runs Cyprus’ largest real estate platform, managing extensive property portfolios alongside the island’s most comprehensive sales network.

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