The level of trust among Cyprus residents in banks declined slightly in July 2026. According to a new StockWatch survey, the average bank reliability score stood at 5.9 points out of 10, compared with 5.95 in April and 6.05 in December 2025. Thus, the figure decreased by 0.05 points over three months and by 0.15 points over six months.
Despite the overall decline, Bank of Cyprus remains the leader in the ranking. The results vary noticeably between banks. The survey was conducted taking into account the changes that have occurred in the Cypriot banking market, including the integration of Hellenic Bank into Eurobank and the acquisition of Astrobank by Alpha Bank. The Central Bank of Cyprus also notes that since October 2025, Astrobank data has been included in Alpha Bank Cyprus figures.
Bank of Cyprus Retains First Place
Bank of Cyprus received an average score of 5.9 points, compared with 5.95 in April and 6.05 in December 2025. At the same time, residents rated the bank's reliability significantly higher — at 6.4 points. The willingness to recommend Bank of Cyprus to another person stood at 5.5 points.
Eurobank ranked second, receiving an average score of 5.75 points following the integration of Hellenic Bank. This is slightly higher than the April figure of 5.65 points and the December 2025 score of 5.7 points. Residents rated Eurobank's reliability at 6.2 points, while willingness to recommend the bank stood at 5.3 points.
Alpha Bank came in third with a score of 4.45 points, compared with 4.65 in April and 4.95 in December 2025. Its reliability score stood at 5.3 points, while willingness to recommend the bank was rated at 4.3 points.
How the Ratings of Other Banks Changed
The National Bank of Greece in Cyprus received an average score of 3.9 points, down from 4.05 in April and 4.80 in December 2025. Respondents rated the bank's reliability at 4.7 points, while willingness to recommend it stood at 3.6 points. Ancoria Bank recorded the lowest average result among the banks included in the survey — 2.45 points, compared with 3.4 in April and 3.75 in December 2025. Its reliability was rated at 4.0 points, while willingness to recommend the bank stood at just 2.0 points.
CDB Bank recorded an average score of 3.25 points, down from 3.80 in April and 4.2 in December 2025. The bank's reliability was rated at 4.1 points, while willingness to recommend it stood at 2.4 points. At the same time, the original data lists CDB Bank as last in the ranking, although its average score of 3.25 is higher than Ancoria Bank's 2.45. Therefore, these two statements in the source are not entirely consistent with each other.
Alongside the trust ratings, the current situation with bank interest rates is also of interest. According to the Central Bank of Cyprus, in June 2026 the average interest rate on household deposits with a maturity of up to one year stood at 1.42%, compared with 2.03% in the euro area. This shows that conditions for depositors in Cyprus still differ noticeably from the European average.
How the Survey Was Conducted
The survey was conducted by RAI Consultants on behalf of StockWatch from July 12 to 18, 2026. A total of 600 households from across Cyprus participated in the study. Participants rated banks on a scale from 0 to 10. The survey included two separate indicators: how reliable respondents considered each bank to be and how willing they were to recommend it to other people.
Thus, the July survey shows a gradual decline in overall trust in the Cypriot banking sector. It is notable that Bank of Cyprus continues to hold first place, while Eurobank has strengthened its position following the integration of Hellenic Bank.