Nicosia, Cyprus. Alpha Bank Cyprus announced changes to its executive committee, while new housing loans in Cyprus increased significantly in May 2026 and Aegean Airlines resumed flights to and from Paphos International Airport.
Alpha Bank Cyprus management changes
Alpha Bank Cyprus appointed Penny Spiliotopoulou as chief financial officer and expanded the responsibilities of Chief Private Banking Officer Charis Kynigou Landas as part of the continued evolution of its management model and the implementation of its strategic plan.
The bank said the revised organisational structure is intended to strengthen its ability to respond to market needs with greater speed, consistency and specialised expertise.
It added that the changes are also expected to support the further enhancement of the customer experience, the development of modern financial and investment solutions, and the effective delivery of the bank’s strategic priorities.
Housing loans and interest rates
According to the latest data from the Central Bank of Cyprus on interest rates and new lending, total net new loans reached €361.90 million in May, up from €331.30 million in April.
Housing loans recorded the strongest increase, rising to €145.50 million from €106.00 million in the previous month.
New consumer loans also increased to €23.90 million from €21.80 million in April, while new loans to non-financial corporations of up to €1 million rose to €63.40 million from €39.40 million.
New business loans above €1 million declined to €121.50 million, compared with €156.80 million in April.
The average interest rate on new housing loans increased to 4.06 per cent in May from 3.73 per cent in April.
Aegean Airlines returns to Paphos
Aegean Airlines resumed flights to and from Paphos International Airport last week.
The Paphos regional tourism board, Etap, welcomed the airline’s return, describing it as a major boost for the district’s air connectivity and tourism prospects.
