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List of Government Controlled Banks in Cyprus

Central Bank of Cyprus is the Apex Bank of Cyprus. Here is the list of major Banks of Cyprus.


Arab Bank


Bank of Cyprus


EuroBank


FBME


Laiki Bank - Cyprus Popular Bank


The Cyprus Development Bank


Hellenic Bank


Co-operative Central Bank


Federal Bank of the Middle East


Universal Bank
 
Well the mentioned banks here are all regulated and great answers to the question, think to make it easier for each here then I will post links to them so we can use this thread as reference:


Bank of Cyprus


EuroBank


FBME Bank


Laiki Bank


Hellenic Bank
 
I think it is better to open a government issued bank account rather than private Banks. Not only the Fees is less in government issued banks but they are trusted enough.