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 Title | Average Salary |
| AML Analyst | 4,828 EUR |
| Assistant Bank Branch Manager | 4,399 EUR |
| Assistant Bank Manager | 4,835 EUR |
| ATM Manager | 4,341 EUR |
| ATM Service Technician | 2,425 EUR |
| Bank Accounts Analyst | 3,203 EUR |
| Bank Accounts Controller | 3,557 EUR |
| Bank Accounts Executive | 3,697 EUR |
| Bank Accounts Manager | 4,170 EUR |
| Bank Auditing Manager | 3,948 EUR |
| Bank Branch Manager | 4,780 EUR |
| Bank Clerk | 2,329 EUR |
| Bank Compliance Specialist | 3,501 EUR |
| Bank Manager | 7,233 EUR |
| Bank Operational Risk Manager | 5,067 EUR |
| Bank Operations Head | 5,717 EUR |
| Bank Operations Officer | 3,332 EUR |
| Bank Operations Specialist | 4,273 EUR |
| Bank Process Manager | 3,673 EUR |
| Bank Product Manager | 3,578 EUR |
| Bank Programme Manager | 4,660 EUR |
| Bank Project Manager | 4,345 EUR |
| Bank Propositions Manager | 4,473 EUR |
| Bank Quantitative Analyst | 3,474 EUR |
| Bank Regional Manager | 5,171 EUR |
| Bank Regional Risk Officer | 3,392 EUR |
| Bank Relationship Manager | 4,066 EUR |
| Bank Relationship Officer | 3,195 EUR |
| Banker | 3,157 EUR |
| Banking Business Analyst | 3,747 EUR |
| Banking Business Development Officer | 3,208 EUR |
| Banking Business Planning Executive | 4,746 EUR |
| Banking Product Manager | 4,296 EUR |
| Banking Reference Data Manager | 3,859 EUR |
| Banking Risk Analyst | 3,804 EUR |
| Banking Technical Analyst | 3,153 EUR |
| Bankruptcy Coordinator | 4,046 EUR |
| Budget Analyst | 3,628 EUR |
| Cards Marketing Manager | 4,570 EUR |
| Cash Management Manager | 4,803 EUR |
| Check Processing Manager | 4,827 EUR |
| Commercial Vault Associate | 3,702 EUR |
| Corporate Dealer | 3,734 EUR |
| Credit Analyst | 4,137 EUR |
| Credit and Collections Manager | 4,678 EUR |
| Credit Card Fraud Investigator | 3,810 EUR |
| Credit Portfolio Manager | 5,640 EUR |
| Credit Risk Analyst | 4,660 EUR |
| Credit Risk Associate | 3,889 EUR |
| Direct Bank Sales Representative | 3,282 EUR |
| Financial Bank Planning Consultant | 4,054 EUR |
| Financial Banking Analysis Manager | 4,418 EUR |
| Financial Banking Assistant | 3,173 EUR |
| Financial Banking Systems Manager | 4,309 EUR |
| Foreign Exchange Manager | 4,729 EUR |
| Fraud Analyst | 3,780 EUR |
| Fraud Detection Associate | 3,738 EUR |
| Fraud Detection Manager | 4,697 EUR |
| Fraud Detection Supervisor | 3,994 EUR |
| Internal Bank Audit Manager | 4,663 EUR |
| Internal Bank Auditor | 3,616 EUR |
| International Banking Manager | 5,901 EUR |
| Loan Analyst | 3,643 EUR |
| Loan Area Manager | 4,285 EUR |
| Loan Audit Team Leader | 4,372 EUR |
| Loan Branch Manager | 4,146 EUR |
| Loan Business Development Officer | 3,362 EUR |
| Loan Clerk | 2,670 EUR |
| Loan Collection Manager | 3,972 EUR |
| Loan Collector | 2,216 EUR |
| Loan Examiner | 2,950 EUR |
| Loan Processing Manager | 3,489 EUR |
| Loan Processor | 3,423 EUR |
| Loan Quality Assurance Auditor | 3,742 EUR |
| Loan Quality Assurance Manager | 3,979 EUR |
| Loan Quality Assurance Representative | 3,361 EUR |
| Loan Review Manager | 3,622 EUR |
| Loan Team Leader | 3,831 EUR |
| Mortgage Advisor | 3,502 EUR |
| Mortgage Collection Manager | 4,138 EUR |
| Mortgage Collector | 2,711 EUR |
| Mortgage Credit Analyst | 2,989 EUR |
| Mortgage Credit Manager | 3,588 EUR |
| Mortgage Development Manager | 4,238 EUR |
| Mortgage Document Reviewer | 2,862 EUR |
| Mortgage Funding Manager | 4,373 EUR |
| Mortgage Operations Manager | 4,683 EUR |
| Mortgage Payment Processing Clerk | 2,585 EUR |
| Mortgage Processing Manager | 4,192 EUR |
| Mortgage Processor | 2,855 EUR |
| Mortgage Quality Assurance Auditor | 3,526 EUR |
| Mortgage Quality Assurance Manager | 3,902 EUR |
| Mortgage Servicing Clerk | 2,361 EUR |
| Mortgage Servicing Manager | 3,936 EUR |
| Mortgage Underwriter | 2,585 EUR |
| Online Banking Manager | 5,209 EUR |
| Payment Processing Clerk | 2,431 EUR |
| Personal Banker | 3,760 EUR |
| Personal Banking Advisor | 3,522 EUR |
| Phone Banker | 2,975 EUR |
| Private Banker | 4,094 EUR |
| Reconciliation and Investigation Specialist | 3,324 EUR |
| Teller | 2,279 EUR |
| Trade Officer | 2,670 EUR |
| Trade Product Manager | 3,769 EUR |
| Trader | 3,173 EUR |
| Treasury Operations Officer | 3,504 EUR |
Banking Jobs Salary Distribution in Cyprus
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 salaryBanking 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.
| 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
We 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
| City | Average Salary |
| Larnaka | 3,415 EUR |
| Limassol | 4,035 EUR |
| Nicosia | 3,738 EUR |
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