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Cyprus Launches National Financial Literacy Platform

Cyprus has introduced a new national online platform designed to help citizens improve their financial knowledge and make more informed decisions about managing money.

Developed by the Cyprus Financial Literacy and Education Committee (CyFLEC), moneypedia.cy is one of the flagship initiatives under the country’s National Strategy for Financial Literacy and Financial Education. The platform brings together practical financial guidance, educational resources and interactive tools in a single digital hub.

Practical Financial Guidance

The portal is designed for users at different stages of life, including students, young professionals, families, entrepreneurs and retirees. Its content covers a wide range of everyday financial topics, from budgeting and saving to borrowing, investing, insurance and retirement planning.

Visitors can also access financial calculators, educational videos, quizzes and practical guides aimed at helping users better understand personal finance and make more confident financial decisions.

Part Of A National Strategy

The project was funded by the Central Bank of Cyprus through the Ministry of Finance with support from the European Commission’s Directorate-General for Structural Reform Support and the Organisation for Economic Co-operation and Development (OECD).

According to CyFLEC, the platform will continue to expand with new educational materials, digital tools and resources as part of Cyprus’ long-term financial literacy strategy.

Supporting Better Financial Decisions

Commenting on the launch, Central Bank Governor and CyFLEC Chair Christodoulos Patsalides described the portal as an investment in strengthening financial education across Cyprus. He said the initiative aims to equip people with the knowledge and practical tools needed to manage their finances with greater confidence and responsibility.

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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