Banking and Finance

Britain’s big four banks amassed more than £200 billion ($277.52 billion) of new deposits last year as customers reined in spending through pandemic lockdowns, far outstripping extra lending to struggling businesses ...

The market for Cyprus office real estate is forecast to fall 10 per cent to 15 per cent in aggregate office demand this year, reports Wire-FS, an independent real estate asset management ...

The world’s biggest central banks will happily live with higher inflation and investors now aggressively betting on a quicker end to monetary stimulus are all but certain to be ...

Bitcoin is forecast to become an important instrument in international trade, as well as a means to protect businesses from forex risk, according to a report released by Citigroup’s ...

Britain’s government plans to launch the world’s first sovereign green bonds for retail investors as part of its push to create a net-zero-carbon economy by 2050. The savings bonds ...

Much like an abandoned mansion that is falling apart from negligence, the Lebanese economy is decaying day-by-day as the ruling political parties stand by and watch. Unable to produce a ...

Wealth Innovative Solutions Bank of Cyprus, being the largest financial institution in Cyprus, has a long history of servicing the Wealth and the Asset Management Industry through its Wealth & ...

The 90-year-old billionaire on Saturday admitted he “paid too much” when his Berkshire Hathaway Inc spent $32.1 billion in 2016 to buy aircraft and industrial parts maker Precision Castparts Corp, its largest ...

We’re in the Vaccine Economy, and it’s risk-on again! Open up the laptop; there are some pretty good possibilities to turn €10,000 into a larger sum, and you don’...

For a small island, Cyprus has big ambitions. Having already established itself as a growing fintech centre, Cyprus has long recognised it must continually change and challenge itself to remain ...

Having started in financial services in London in the early 1990s, Mark Nowell has worked with high-net-worth clients across Europe and the Middle East. He is a registered European Financial ...

Born in Cyprus, Constantinides studied law in England, and took a Masters degree in international commercial law there. He then qualified in England for the Bar, and after some initial ...

Emilios Tannousis is the Manager Wealth Management at Bank of Cyprus. With an experience of almost 20 years in the Wealth and Asset management industry he is covering the Private Banking ...

Biography Richard Thomas is the Head of EFG International’s UK Region and member of the Global Business Committee since 02 January 2019. In addition, he is CEO of EFG Private Bank ...

Britain said on Friday it would offer a fast-track visa scheme for jobs at high-growth companies after a government-backed review warned that financial technology firms will struggle with Brexit and ...

Russia has issued a clarification regarding some of the key terms in the protocol that amended the Treaty for Avoidance of Double Taxation Cyprus-Russia – the same clarification has been applied ...

Digital vaccination certificates enabling people to travel in Europe despite the coronavirus pandemic will probably be available before the summer, German Chancellor Angela Merkel said after a virtual EU summit. “...

A new coronavirus variant that shares some similarities with a more transmissible and intractable variant discovered in South Africa is on the rise in New York City, researchers said on ...

Larnaca-based energy producer Petrolina is partnering with the London-based Lion Alternative Energy (LAE) to establish a major producer of renewable energy in Cyprus. Petrolina Solar will invest in LAE’s ...

Staggering inflation, government inaction and decaying consumer sentiment have combined to force the Turkish lira lower against the dollar and the euro. The lira is at €9.05 to the euro, and ...

In 2020, private banking group EFG International significantly grew its business with a marked acceleration in profitability, especially in the second half of the year, and demonstrated its operational and financial ...

Bank of Cyprus on Wednesday announced a loss of €171 million for 2020, but showed a promising outlook for the coming year as fourth quarter results saw total income rise to €142 million ...

Inflation returned to the euro area in January at 0.9 per cent due to a number of temporary factors, although in Cyprus it remained at a low -0.8 per cent. Cyprus ...

“We’re involved in damage control,” Finance Minister Constantinos Petrides told the Cyprus Mail in an interview. Fortunately, the government has the means to keep the damage to a minimum ...