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Eurobank Cyprus Adds Insurance To SME Banking Portfolio

Empowering SMEs With Comprehensive Solutions

Eurobank Cyprus has launched a campaign offering integrated banking and insurance services for small and medium-sized enterprises (SMEs). The initiative, branded “All That Your Business Needs Every Day,” combines financing, transaction services, and risk coverage within a single product framework.

Addressing Daily Operational Challenges

The bank’s offering focuses on core business needs, including liquidity management, payroll processing, and working capital support. Designed to centralize routine financial operations under one provider, the structure aims to simplify day-to-day administration.

Integrated Banking And Insurance Offerings

The package includes upgraded mobile and online banking tools, overdraft facilities, working capital financing, and corporate credit and debit cards. Card services include travel insurance and compatibility with digital wallets such as Apple Pay and Google Pay. Insurance components are integrated alongside traditional banking services, reflecting a bancassurance model aimed at consolidating financial and risk-management solutions.

Holistic Support For Strategic Growth

Beyond day-to-day operations, the bank offers payroll systems, payment processing tools, asset management, and investment advisory services. The combined structure targets both operational continuity and longer-term financial planning.

Streamlined Access To Expertise

Eurobank Cyprus has created a dedicated online portal with product details and an expression-of-interest form for businesses. The digital onboarding process is intended to simplify access to services.

The campaign expands the bank’s SME offering through bundled financial and insurance products within a single service platform.

Cyprus’ Poverty And Social Exclusion Risk Stands At 17.1%

Cyprus recorded a poverty or social exclusion risk rate of 17.1% in 2025, below the European Union average of 20.9%, according to new Eurostat figures. Across the bloc, however, more than 92 million people continued to face the risk, highlighting persistent social and economic inequalities.

More Than 92 Million People At Risk Across The EU

A total of 92.7 million people across the EU were at risk of poverty or social exclusion in 2025, equivalent to just over one in five residents.

Cyprus is treated as a single statistical region because of its size, unlike many member states divided into multiple regions for comparison. Its national figure therefore provides an overall picture but does not capture differences between districts or communities.

Regional Gaps Remain Stark Across Europe

The risk varied considerably across the EU, with the highest rates concentrated largely in southern, eastern and outermost regions. In 24 of the 243 regions with available data, at least 31.5% of the population faced poverty or social exclusion.

These regions were located in Spain, Bulgaria, Greece, Italy, France and Romania, as well as Brussels in Belgium and Bremen in north-western Germany.

French Guiana recorded the highest rate, at 54.8%, followed by Calabria in southern Italy at 45.3% and Sicily at 44%. Melilla, a Spanish autonomous city, recorded 43.7%, while Réunion, another French outermost region, stood at 42.3%.

Central Europe Records The Lowest Rates

At the other end of the scale, 24 regions reported poverty or social exclusion risk rates below 13% in 2025. These included five eastern EU capital regions: Bratislava in Slovakia, Warsaw in Poland, Prague in the Czech Republic, Budapest in Hungary and Zagreb in Croatia.

Other regions with low rates were concentrated in northern Italy, the Czech Republic, northern Belgium, Hungary, Poland and Austria, illustrating the uneven distribution of economic security across Europe.

Cyprus Remains Below The EU Average

Cyprus’ rate of 17.1% places it below the EU average, although it remains higher than the levels recorded in the bloc’s lowest-risk regions.

The figures suggest that Cyprus performs relatively well compared with the wider EU, but poverty and social exclusion remain significant challenges across the bloc, affecting more than 92 million people.

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