The Central Bank of Cyprus has initiated a competitive tender process to secure insurance coverage for an initial three-year period.
Key facts
- •The tender, numbered 19/2026, has been available on the CBC website since October 2, 2026.
- •Contracts are for three annual periods with an option for a three-year extension.
- •Proposals are assessed on a 70/30 split between quality and price.
- •Applicants must submit materials to the CBC tender box at Office 018 in Nicosia.
- •Companies must register a contact person via email to ensure they receive tender updates.
The Central Bank of Cyprus (CBC) has opened a tender, numbered 19/2026, to secure insurance providers for its operations. The contracts are initially set for three years, with an option to negotiate for an additional three-year term. The bank will select providers through a competitive process based on a weighted assessment of quality and cost.
By the numbers
Tender process and assessment criteria
The CBC will evaluate proposals with 70 percent of the weight assigned to quality and 30 percent to cost. The tender is divided into separate insurance sections, enabling applicants to bid for one, several, or all available categories. Following an initial application and document submission, the bank will invite qualified companies to provide initial offers that will serve as the basis for further negotiations.
Application and submission requirements
Interested parties must submit applications and supporting documents to the CBC’s tender box located at 80 John Kennedy Avenue in Nicosia. Companies are also required to register a designated contact person via email to receive updates and clarifications. The bank noted that it intends to utilize a shortened deadline for the second stage of the process, which will be determined by agreement with participating companies.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Cyprus Mail.
