Voluntary Exit Plan at Alpha Bank Cyprus
June 22, 2026
Alpha Bank Cyprus is implementing a voluntary exit plan for its staff, offering a maximum compensation of €225,000, with €200,000 being tax-exempt. Employees who choose to leave will also receive an additional 10% compensation if they belong to certain groups. The bank will provide support for outgoing staff and will redesign roles for those who remain, focusing on the development of digital skills. The new strategy aims to create a more modern and customer-centric bank in Cyprus while enhancing the professional development of its employees. The plan seeks to improve the work experience and better utilize staff capabilities.