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According to the Central Bank, there were 28 commercial banks in the Republic of Cyprus as of June 1, 2019.

The Central Bank of Cyprus
Alpha Bank Cyprus | Nicosia Update: 2014-06-29

Alpha Bank Cyprus Ltd. is a commercial bank that provides a wide range of banking services to private and corporate clients in Cyprus. The Bank provides savings and checking accounts, alpha fixed deposits, housing loans, consumer loans, business loans, debit cards, payroll services, online banking, general and life insurance products, bancassurance schemes, trade and investment services. Total assets: EUR 3.8 billion (as of December 31, 2013).
Bank of Cyprus | Nicosia Update: 2017-01-11

Bank of Cyprus Group is the leading financial services organisation in Cyprus. The Group has branches in China, the United Kingdom, Greece, Russia, Ukraine and Romania. Bank of Cyprus operates a network of over 129 branches and employs nearly 4,200 staff worldwide. Bank of Cyprus is licensed and regulated by the Central Bank of Cyprus.
Banque BEMO Cyprus | Limassol Update: 2018-07-22

Banque BEMO (Cyprus) provides private banking, corporate banking and treasury and capital markets solutions to private individuals, families, medium and large sized local companies, banks and financial institutions.
Cyprus Development Bank | Nicosia Update: 2019-05-30

The Cyprus Development Bank (cdbbank) is a commercial bank that provides a wide range of banking services to corporate clients in Cyprus and internationally. The Bank offers a full range of comprehensive banking facilities including corporate loans, deposits, overdrafts, equity funds, structured finance, trade finance facilities, local and international payments, foreign currency trading, risk management services, and private banking.
Hellenic Bank | Nicosia Update: 2020-06-21

Hellenic Bank Group is one of the largest banking and financial institutions in Cyprus. The Group enjoys a network of over 70 branches in Cyprus and 27 in Greece, employing over 2,000 people locally and abroad. The Hellenic Bank also operates four Representative Offices, in Moscow and St Petersburg in the Russian Federation; in Kiev, Ukraine and in Johannesburg, Republic of South Africa.
National Bank of Greece (Cyprus) | Nicosia Update: 2018-07-21

National Bank of Greece (Cyprus) Ltd. (NBG Cyprus Ltd.) is a commercial bank that provides a wide range of banking services to private and corporate clients in Cyprus.
RCB Bank Ltd | Limassol Update: 2019-09-03

RCB Bank Ltd (formerly Russian Commercial Bank) is one of the leading privately-owned banks in Cyprus. Founded in 1995, RCB evolved from a small international banking unit into Cyprus' second largest bank by total assets and EU significant bank.

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