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Banking Average Salaries in Cyprus 2019

How much money does a person working in Banking make in Cyprus?

3,881 EUR per month
Average Monthly Salary
A person working in Banking in Cyprus typically earns around 3,881 EUR per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Banking jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
AML Analyst4,828 EUR
Assistant Bank Branch Manager4,399 EUR
Assistant Bank Manager4,835 EUR
ATM Manager4,341 EUR
ATM Service Technician2,425 EUR
Bank Accounts Analyst3,203 EUR
Bank Accounts Controller3,557 EUR
Bank Accounts Executive3,697 EUR
Bank Accounts Manager4,170 EUR
Bank Auditing Manager3,948 EUR
Bank Branch Manager4,780 EUR
Bank Clerk2,329 EUR
Bank Compliance Specialist3,501 EUR
Bank Manager7,233 EUR
Bank Operational Risk Manager5,067 EUR
Bank Operations Head5,717 EUR
Bank Operations Officer3,332 EUR
Bank Operations Specialist4,273 EUR
Bank Process Manager3,673 EUR
Bank Product Manager 3,578 EUR
Bank Programme Manager4,660 EUR
Bank Project Manager4,345 EUR
Bank Propositions Manager4,473 EUR
Bank Quantitative Analyst3,474 EUR
Bank Regional Manager5,171 EUR
Bank Regional Risk Officer3,392 EUR
Bank Relationship Manager4,066 EUR
Bank Relationship Officer3,195 EUR
Banker3,157 EUR
Banking Business Analyst3,747 EUR
Banking Business Development Officer3,208 EUR
Banking Business Planning Executive4,746 EUR
Banking Product Manager4,296 EUR
Banking Reference Data Manager3,859 EUR
Banking Risk Analyst3,804 EUR
Banking Technical Analyst3,153 EUR
Bankruptcy Coordinator4,046 EUR
Budget Analyst3,628 EUR
Cards Marketing Manager4,570 EUR
Cash Management Manager4,803 EUR
Check Processing Manager4,827 EUR
Commercial Vault Associate3,702 EUR
Corporate Dealer3,734 EUR
Credit Analyst4,137 EUR
Credit and Collections Manager4,678 EUR
Credit Card Fraud Investigator3,810 EUR
Credit Portfolio Manager5,640 EUR
Credit Risk Analyst4,660 EUR
Credit Risk Associate3,889 EUR
Direct Bank Sales Representative3,282 EUR
Financial Bank Planning Consultant4,054 EUR
Financial Banking Analysis Manager4,418 EUR
Financial Banking Assistant3,173 EUR
Financial Banking Systems Manager4,309 EUR
Foreign Exchange Manager4,729 EUR
Fraud Analyst3,780 EUR
Fraud Detection Associate3,738 EUR
Fraud Detection Manager4,697 EUR
Fraud Detection Supervisor3,994 EUR
Internal Bank Audit Manager4,663 EUR
Internal Bank Auditor3,616 EUR
International Banking Manager5,901 EUR
Loan Analyst3,643 EUR
Loan Area Manager4,285 EUR
Loan Audit Team Leader4,372 EUR
Loan Branch Manager4,146 EUR
Loan Business Development Officer3,362 EUR
Loan Clerk2,670 EUR
Loan Collection Manager3,972 EUR
Loan Collector2,216 EUR
Loan Examiner2,950 EUR
Loan Processing Manager3,489 EUR
Loan Processor3,423 EUR
Loan Quality Assurance Auditor3,742 EUR
Loan Quality Assurance Manager3,979 EUR
Loan Quality Assurance Representative3,361 EUR
Loan Review Manager3,622 EUR
Loan Team Leader3,831 EUR
Mortgage Advisor3,502 EUR
Mortgage Collection Manager4,138 EUR
Mortgage Collector2,711 EUR
Mortgage Credit Analyst2,989 EUR
Mortgage Credit Manager3,588 EUR
Mortgage Development Manager4,238 EUR
Mortgage Document Reviewer2,862 EUR
Mortgage Funding Manager4,373 EUR
Mortgage Operations Manager4,683 EUR
Mortgage Payment Processing Clerk2,585 EUR
Mortgage Processing Manager4,192 EUR
Mortgage Processor2,855 EUR
Mortgage Quality Assurance Auditor3,526 EUR
Mortgage Quality Assurance Manager3,902 EUR
Mortgage Servicing Clerk2,361 EUR
Mortgage Servicing Manager3,936 EUR
Mortgage Underwriter2,585 EUR
Online Banking Manager5,209 EUR
Payment Processing Clerk2,431 EUR
Personal Banker3,760 EUR
Personal Banking Advisor 3,522 EUR
Phone Banker2,975 EUR
Private Banker4,094 EUR
Reconciliation and Investigation Specialist3,324 EUR
Teller2,279 EUR
Trade Officer2,670 EUR
Trade Product Manager3,769 EUR
Trader3,173 EUR
Treasury Operations Officer3,504 EUR

Banking Jobs Salary Distribution in Cyprus

Median and salary distribution monthly Cyprus Banking

Abount These Figures: Salary Range, Median and Percentiles

The Banking salaries in Cyprus range between 2,195 EUR per month (minimum salary) to 7,176 EUR per month (maximum salary).

The median salary is 3,997 EUR per month, which means that half (50%) of people working in Banking are earning less than 3,997 EUR while the other half are earning more than 3,997 EUR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Banking are earning less than 2,786 EUR while 75% of them are earning more than 2,786 EUR. Also from the diagram, 75% of people working in Banking are earning less than 5,922 EUR while 25% are earning more than 5,922 EUR.

What is the difference between the median and the average salary? What should you be looking at?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary

Banking Salary Forecast and Trend in Cyprus

How do Banking salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Cyprus Banking
Average Salary 2016    =  
3,510 EUR
Average Salary 2017    +4%  
3,640 EUR
Average Salary 2018    +3%  
3,764 EUR
Average Salary 2019    +3%  
3,881 EUR
Percentage increase and decrease are relative to the previous value
Banking salaries in Cyprus are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Banking Hourly Average Wage in Cyprus

22 EUR per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Cyprus for Banking is 22 EUR. This means that the average person in Cyprus earns approximatly 22 EUR for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking monthly CyprusWe compared Cyprus salaries for Banking and All Jobs and we found that Banking salaries are 13% more than those of All Jobs.

Salary Comparison By City

CityAverage Salary
Larnaka3,415 EUR
Limassol4,035 EUR
Nicosia3,738 EUR
2863 - 4
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