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Cyprus, Greece And Jordan Strengthen Defence Cooperation

Cyprus, Greece and Jordan have renewed their trilateral defence cooperation programme, reinforcing coordination between their armed forces as the three countries seek closer collaboration on regional security.

Renewed Defence Framework

The agreement provides for the continuation and further development of cooperation between the three countries’ armed forces under the existing framework, according to the General Staff.

The programme is aimed at strengthening coordination and joint action while expanding cooperation in defence and security.

The trilateral framework has been in place since 2018 and also covers areas including energy, civil protection, economic relations and regional security.

Focus On Regional Stability

The renewal comes as Cyprus, Greece and Jordan continue efforts to deepen their strategic relationship amid ongoing security concerns across the Levant.

The three countries held their fifth trilateral summit in Amman in May. President Nikos Christodoulides, Greek Prime Minister Kyriakos Mitsotakis and Jordanian King Abdullah II discussed regional developments and further cooperation.

The leaders highlighted the need for closer coordination on security, energy, migration and maritime routes. Christodoulides described the partnership as “vital for our region” and an important bridge between the European Union and the Middle East.

The summit also covered developments in Iran, Gaza, Lebanon, Syria and Iraq, with the three countries calling for de-escalation and greater regional stability.

The renewed programme is expected to further strengthen cooperation between Cyprus, Greece and Jordan, particularly in defence and security.

Cyprus Loan Growth Accelerates To 14% In September

Lending in Cyprus accelerated in September, with the annual growth rate of total loans reaching 14%, up from 11.8% in August. Deposits also recorded a stronger monthly increase, according to the Central Bank of Cyprus (CBC).

Total deposits rose by a net €697.1 million to €60.2 billion at the end of September. Total loans increased by €857.8 million to €29.6 billion, according to the CBC’s October 2026 Monetary and Financial Statistics.

Deposit Growth Strengthens

Deposits recorded a monthly increase of €697.1 million, more than four times the €171.5 million rise in August. However, the annual growth rate remained unchanged at 6.5%.

Deposits held by Cyprus residents increased by €639.9 million. Household deposits rose by €93.8 million, while deposits held by non-financial corporations grew by €373 million. Other domestic sectors contributed a further €173.1 million.

Annual Loan Growth Reaches 14%

Total loans increased by a net €857.8 million in September, compared with €114.6 million in August. The annual growth rate accelerated to 14%, up from 11.8% a month earlier.

Lending to Cyprus residents rose by €470.8 million. Loans to households increased by €52.2 million, while lending to non-financial corporations grew by €110.1 million. Other domestic sectors recorded a larger increase of €308.5 million.

The figures cover deposits and loans held by monetary financial institutions in September 2026.

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