Banking and Finance

The achievement a year early of the target to bring the NPL ratio down to single digits, combined with the return to profitability, allows the Bank of Cyprus to move ...

The United States, the European Union and Britain announced new sanctions on Russia on Tuesday after Moscow’s recognition of two separatist regions in Ukraine as independent entities. Chief among ...

With more and more of our transactions now taking place online, the issues of cybercrime and identity theft prevention have become increasingly hot potatoes in financial circles. New legislation – at ...

European banks on Tuesday were bracing for fallout and fresh sanctions after Russia ordered troops into breakaway regions of eastern Ukraine, with HSBC warning of market contagion and Austria’s ...

The rouble tanked on Monday, slipping past 80 against the dollar, while stocks plunged to their lowest in over a year as Russian President Vladimir Putin called for the immediate recognition ...

HSBC (HSBA.L) aims to cut emissions associated with loans made to its oil and gas clients by 34 per cent this decade, the bank’s sustainability chief told Reuters, marking ...

Global stocks tumbled while safe-havens rallied and oil surged on Tuesday as Europe’s eastern flank stood on the brink of war after Russian President Vladimir Putin ordered troops into ...

The Bank of Cyprus posted an after-tax profit of €30 million and a profit after tax and before non-recurring items of €91 million in its financial results released on Monday. “2021 saw a ...

The digital transformation of the Housing Finance Corporation, including to its internet banking services, is underway and scheduled to be completed by 2023, acting general manager Vassiliki Vassiliou said on Sunday. ...

President Joe Biden’s administration has prepared an initial package of sanctions against Russia that includes barring US financial institutions from processing transactions for major Russian banks, three people familiar ...

For more than a decade, Lebanon’s central bank charged commercial banks in the country commissions when they bought government securities without making clear that the bulk of those commissions ...

The euro rallied and the dollar retreated on Monday as investors pulled capital away from safe havens after US President Joe Biden and Russian President Vladimir Putin agreed in principle ...

Revenues from tourism amounted to €1.46 billion in the period between January and November of 2021, a report by the Cyprus Statistical Service (Cystat) released on Friday revealed. The revenue reported reflects ...

Finance Minister Constantinos Petrides on Friday met with the Association of Cyprus Banks, discussing the issue of loans being mislabeled as non-performing, Estia scheme appeals, as well as non-viable borrowers, ...

Aggravated by fiddly financial apps, retired urologist Carlos San Juan got more than he bargained for when he began a campaign for a more user-friendly service from Spain’s banks. ...

The Governor of the Central Bank of Cyprus, Constantinos Herodotou, does not side with the hawks in the design of monetary policy in the eurozone and expects that in the ...

Residents of Limassol’s Ayios Athanasios municipality protested on Wednesday against a Hellenic Bank decision to close its last branch in the area. Mayor Marinos Kyriakou said residents were frustrated ...

The Cyprus Development Bank (CDB) on Monday announced the launch of a new business loan scheme that takes into account environmental aspects for business and other professional facilities. The scheme ...

Finance Minister Constantinos Petrides on Tuesday said that the performance of the Cypriot economy is a testament to its resilience and positive momentum, while also stressing the importance of reducing ...

The New York Stock Exchange is withdrawing its mask mandate for fully vaccinated people effective immediately, a source said on Friday, after several large US banks also dropped their mask ...

The Bank of Cyprus on Friday announced that it has been named ‘Best Private Banking & Wealth Management Bank’ in Cyprus for 2022 after an online voting process surveying customers on ...

The transformation of banks’ business model towards digitalisation and their profitability enhancement by rationalising their cost structure, while closely monitoring the underlying risks of this transformation, are the main banking ...

By Ioannis Tirkides Occasionally, events unfold in close proximity that can be described as seminal. We call them seminal because of their significant impact. They mark a change in the ...

Finance Minister Constantinos Petrides on Friday welcomed the European Commission’s forecasts for the Cypriot economy, viewing them as a validation of the country’s recovery and future prospects. In ...