Bank of Cyprus Acquisitions Target Greek Insurers 13 Years After Crisis Exit

Bank of Cyprus CEO Panicos Nicolaou has announced plans to re-enter the Greek market through the acquisition of insurance and asset management firms. The move marks a strategic return to Greece thirteen years after the bank was forced to exit the country during the regional financial crisis.

Nicolaou confirmed the expansion plans during a press briefing in Ayia Napa in October 2026. The initiative signals a shift in the bank's regional growth strategy, focusing on diversifying its portfolio by targeting specific financial services sectors within the Greek market.