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National Bank Of Greece (Cyprus) Introduces Innovative Fixed-Term Deposit Product


Stable Returns In An Uncertain Market

The National Bank of Greece (Cyprus) has unveiled a new fixed-term deposit option designed to cater to investors seeking predictability in an ever-evolving financial landscape. With transparent terms and assured returns, the product emphasizes stability—a critical asset in turbulent economic times.

Clear Terms And Guaranteed Returns

Investors have the opportunity to select either a six-month or nine-month deposit period, offering fixed interest rates of 1.50% and 1.35% respectively, applicable to deposits starting from €75,000. This approach provides customers with clarity from the onset, ensuring that their financial planning is both precise and reliable.

Strategic Financial Planning

In a rapidly changing economic environment, the bank’s announcement underscores the importance of secure and predictable financial choices. By offering guaranteed returns, the National Bank of Greece (Cyprus) helps its clientele achieve a more controlled and forward-thinking investment strategy, enabling long-term financial security amidst market uncertainties.

A Product Designed For Modern Investors

With its commitment to combining transparency and stability, the new fixed-term deposit not only meets the current market demand for predictable returns but also reinforces the bank’s reputation as a reliable financial partner. Its clear terms and established interest rates provide an effective tool for investors aiming to secure a stable future.


Cyprus Government Surplus Rises To €1.61 Billion In First Nine Months Of 2026

Cyprus recorded a general government surplus of €1.61 billion in the first nine months of 2026, equal to 4.0% of gross domestic product, as revenue growth outpaced the rise in public spending. Higher receipts from income taxes, social contributions and value-added tax (VAT) drove the improvement, while lower capital expenditure helped restrain spending.

Preliminary figures released Tuesday by the Statistical Service of Cyprus show the surplus rose to €1.17 billion, or 3.0% of GDP, up from € 442.1 million in the same period of 2025.

Total government revenue increased 6.5% to €12.09 billion, while expenditure rose 2.9% to €10.48 billion.

Key Fiscal MeasureJanuary–September 2025January–September 2026
Total revenue€11,353.9 million€12,091.8 million
Total expenditure€10,186.2 million€10,482.1 million
Government surplus€1,167.6 million€1,609.7 million
Surplus as a share of GDP3.0%4.0%

Income Taxes And VAT Lead Revenue Growth

Taxes on income and wealth made the largest contribution to the increase in revenue. Receipts in this category climbed by €442.2 million, or 15.3%, to €3.34 billion, compared with €2.89 billion a year earlier.

Social contributions rose by €235 million, or 6.6%, to €3.78 billion. Taxes on production and imports increased by €251.5 million, or 7.2%, reaching €3.77 billion.

Net VAT receipts, after refunds, totalled €2.64 billion, up €293.1 million, or 12.5%, from €2.35 billion in the first nine months of 2025.

Some Revenue Streams Decline

Not all revenue categories moved higher. Capital transfers fell by €74.6 million to €96.7 million, while current transfers declined by €71.6 million, or 20.5%, to €278.2 million.

Revenue from services slipped 1.0% to €743.5 million. Interest and dividend receipts dropped by €37 million, or 28.6%, to €92.4 million.

Social Benefits And Personnel Costs Increase

On the expenditure side, social benefits rose by €199.6 million, or 4.9%, to €4.27 billion. Compensation of employees—which includes imputed social contributions and public-sector pensions—increased by €108.3 million, or 3.8%, to €2.99 billion.

Intermediate consumption, covering goods and services used in the delivery of public services, rose by €114.3 million, or 11.0%, to €1.16 billion. Interest payments increased by €8.7 million, or 2.6%, to €340.7 million. Current transfers were up €68.7 million, or 10.6%, at €714.7 million.

Lower Capital Spending Limits Expenditure Growth

The overall increase in spending was tempered by a decline in capital expenditure. Capital-account spending fell by €189.9 million, or 16.9%, to €936.2 million from €1.13 billion in the same period last year.

Investment in fixed capital declined by €94.1 million, or 12.1%, to €686.4 million. Other capital transfers fell by €95.8 million, or 27.7%, to €249.8 million. Subsidies also decreased, dropping by €13.9 million, or 15.5%, to €75.8 million.

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