Banking and Finance

The Cypriot economy and banking sector remain resilient despite intensifying geopolitical instability and rising global trade tensions, according to Christodoulos Patsalides, governor of the Central Bank of Cyprus (CBC). In ...

Deputy Minister for Shipping Marina Hadjimanolis paid a visit to New York from April 3 to 5, as part of efforts to promote Cypriot shipping, according to an announcement released on Monday. ...

Aegean Airlines is stepping up efforts to help position Cyprus as a year-round destination, strengthening its presence on the island with a new Larnaca-Rome route and increased seat capacity. Speaking ...

Here are the top business stories in Cyprus from the week starting March 31: Mike Vasiliev, CEO of AI-powered property startup Placy, is no stranger to the intersection of real estate ...

Cyprus is on a path of progress, President Nikos Christodoulides told investors in New York on Friday, as part of Cyprus’ rebranding campaign. The president was speaking during a working ...

President Nikos Christodoulides met with Jason Rickett, Head of Corporate Relations at financial services group Citi, in New York on Thursday to discuss the global financial group’s services and ...

The volume of new loans in Cyprus fell by 22.8 per cent in February 2025, reaching €246.1 million, compared to €318.7 million in January. According to a report released this week by the Central ...

The Bank of Cyprus on Thursday announced key updates regarding its total voting rights, share capital, and the progress of its ongoing share buyback programme. According to an announcement on ...

AstroBank Public Company Limited on Thursday announced the appointment of Charis Kynigou as an executive bember of its board of directors, effective from March 31, 2025. The bank noted that the appointment ...

The volume of new loans in Cyprus fell by 22.8 per cent in February 2025, reaching €246.1 million, compared to €318.7 million in January. According to a report released this week by the Central ...

Inflation in Cyprus eased to 2.1 per cent in March, down from 2.3 per cent in February, according to the latest flash estimate from Eurostat. However, this marks a slight increase from ...

The percentage of non-performing loans (NPLs) in Cyprus decreased to 6.2 per cent by the end of December 2024, down from 6.5 per cent at the end of September. This is according to ...

The Bank of Cyprus on Wednesday provided an update on its total voting rights, share capital, and the progress of its share buyback programme. Specifically, the bank reported that 28 per ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) at 1.5 per cent, with the measure set to take effect from January 14, 2026. In an official ...

The Industrial Production Index in Cyprus recorded a significant increase of 4.3 per cent in January 2025 compared to the same month in 2024, according to the state statistical service. This increase pushed ...

The board of directors of Hellenic Bank has decided to proceed with the merger of the bank with Eurobank Cyprus, it emerged on Friday. Hellenic Bank officially announced that the ...

Cyprus has recorded the most significant progress among European Union countries in reducing non-performing loans, according to a new report by Scope Ratings. The non-performing loan (NPL) ratio in Cyprus ...

Eurobank Cyprus on Friday announced that it secured four prestigious accolades at the Euromoney Private Banking Awards 2025, held this week in London. Specifically, the bank was recognised in the categories ...

Total deposits in Cypriot banks increased by nearly half a billion euros in February 2025, according to a report released this week by the Central Bank of Cyprus (CBC). Specifically, the ...

The Eurobank Group on Thursday released a statement reaffirming its “commitment to further expansion and its continued confidence in the Cypriot economy”. It should be noted that the group’s ...

The proposed offer of €1.55 per share from Logicom to the shareholders of Demetra Holdings is neither fair nor reasonable, according to the report of an independent expert. As a result, ...

Major banks in Cyprus and Greece significantly expanded their bond portfolios over the past year, increasing their holdings in both domestic and European bond markets. According to a report from ...

The independent expert commissioned to evaluate Eurobank’s public offer for the remaining shares of Hellenic Bank has deemed the proposed exchange of €4.843 per share as fair and reasonable. This ...

The Bank of Cyprus on Thursday announced its final financial results for 2024, confirming profits of €508 million, as previously indicated in its preliminary results. In its announcement, the bank underlined its ...