Banking and Finance
President Nikos Christodoulides on Friday deflected media questions about the inflation and higher interest rates saying the government had a fiscal responsibility to safeguard the...
Russia’s VTB to launch cross-border money transfers to India
Russia’s VTB Bank (VTBR.MM) said on Wednesday that it will launch money transfers in Indian rupees by the end of September. Retail customers will be...
Cyprus Finance Minister upbeat ahead of Moody’s rating review
Cypriot Finance Minister Makis Keravnos on Wednesday expressed optimism regarding a potential upgrading of Cyprus’ credit rating to investment grade by the global rating agency...
Mastercard denies report of plans to raise credit card fees
Mastercard (MA.N) on Tuesday denied a media report saying the payments processing giant is planning to increase the fees that merchants are charged when their...
ECB criticises new Italian tax on windfall bank profits
The European Central Bank (ECB) on Wednesday criticised the Italian government’s proposed tax on windfall bank profits, saying it did not consider lenders’ long-term prospects...
Israel central bank says digital shekel launch an ‘open question’
Israel’s central bank is pushing forward with plans to issue a digital shekel, citing the need to improve the country’s payment systems, but on Tuesday...
Bounced checks in Cyprus reach alarming levels
The Central Bank of Cyprus (CBC) has raised concerns as the number of bounced checks continues to surge, reaching a total of 36 in August...
Finance minister meets banks over interest rates
Finance Minister Makis Keravnos on Tuesday met the bosses of commercial banks in a crunch meeting aimed at getting lenders to provide some relief to...
US exceptionalism thwarts dollar bears but Fed test looms
Resilient US growth is fueling another rebound in the dollar and sending bearish investors scrambling, though the rally will be tested by a gauntlet of...
Bank of Cyprus announces BoC Fintech Hackathon 4.0
The highly anticipated 4th BoC Fintech Hackathon 4.0, an annual event, is just around the corner. This year, the marathon focuses on innovative technologies in...