Cyprus Consumers Association and Association of Cyprus Banks launch joint public education initiative

On September 24, 2026, the Cyprus Consumers Association and the Association of Cyprus Banks announced a new joint initiative aimed at improving financial literacy and consumer protection. The organizations have established a permanent communication channel to provide accurate information to citizens, consumers, and borrowers regarding their daily financial dealings.

As part of this collaboration, the associations released an educational video in which representatives from the Association of Cyprus Banks provide detailed answers to specific questions posed by the Consumers Association. The content focuses on essential topics, including loan management, interest rate fluctuations, debt restructuring procedures, and effective strategies for protecting households against financial fraud. Marios Drousiotis, president of the Cyprus Consumers Association, stated that the initiative aims to address critical and complex issues affecting the average consumer.

The initiative marks the beginning of a long-term partnership between the two entities. Both parties have confirmed that this video is the first in a series of planned educational materials and public discussions intended to guide citizens through economic decision-making and household financial management in the coming period.