The Bank of Cyprus and Eurobank (formerly Hellenic Bank) must amend thousands of mortgage agreements after rulings by the Cyprus Consumer Protection Service (CCPS). The two banks were fined €1.4 million after more than 22,000 contracts were found to contain unfair terms. For the Bank of Cyprus, the decision concerns 14,810 loans concluded since June 2021, mostly with consumers aged 20–45. The CCPS noted improvements in wording and transparency in revised contracts and considered the Bank’s cooperation as a mitigating factor. The Bank of Cyprus has been ordered to stop using the clauses within 60 days and avoid reinstating them in future agreements.