Banking and Finance

The Bank of Cyprus on Thursday announced that it has received the Quality Recognition Award from global financial services firm JP Morgan Chase. The award, which the Bank of Cyprus ...

The European Central Bank (ECB) on Thursday announced a 25 basis point cut to its three key interest rates, marking a shift in its monetary policy stance. The decision, taken by ...

Non-performing loans (NPLs) in the Cyprus banking system remained stable in November 2024, standing at €1.61 billion, according to data released by the Central Bank of Cyprus (CBC) on Thursday. The total ...

The Cyprus Securities and Exchange Commission (CySEC) has approved Eurobank’s public offer document for the acquisition of up to 100 per cent of Hellenic Bank’s issued share capital. The ...

The Bank of Cyprus on Thursday announced that it has received the Quality Recognition Award from global financial services firm JP Morgan Chase. The award, which the Bank of Cyprus ...

Konstantin Zapolianski, Senior Investment Director at Zubr Capital, recently spoke to the Cyprus Mail about Cyprus’ growing potential as a destination for technology and digital industries. With the ICT sector ...

New loans in Cyprus saw a significant decline in January 2025, with total net new lending dropping to €318.7 million from €592 million in December, according to a report released by the Central ...

Hellenic Bank has decided to extend its voluntary exit scheme by six days, allowing employees to submit their applications until March 11, it emerged on Wednesday. According to a report from ...

Finance Minister Makis Keravnos on Wednesday expressed his full support for the re-establishment of the cooperative banking sector in Cyprus on a stable and sustainable basis. During a meeting with ...

The deadline for Hellenic Bank employees who wish to accept the bank’s latest, and reportedly last, voluntary exit scheme ends today, after being announced in mid-February. However, interest in ...

The Bank of Cyprus has announced the completion of its first transactions under its new share buyback programme, with approximately five per cent of the maximum total value of the ...

Here are the top business stories in Cyprus from the week starting February 24: Natural gas production from Block 6 of Cyprus’ Exclusive Economic Zone (EEZ) could commence within 2 to 2.5 years, according ...

The Central Bank of Cyprus (CBC) has issued a warning about counterfeit $100 US banknotes circulating in the market. In its statement, the central bank urged both the public and businesses ...

Hellenic Bank is expected to finalise its acquisition of CNP Cyprus Insurance Holdings Limited by the first quarter of 2025, according to a report from Stockwatch. The deal, valued at €182 million, ...

Eurobank has announced a cash dividend of 10.5 cents per share and a €288 million share buyback programme as part of its financial results for 2024. The bank’s three-year plan aims for ...

Cyprus’ banking sector is undergoing significant changes, with recent mergers reshaping the financial landscape, according to a report from Stockwatch. At the same time, Cypriots are paying the highest mortgage ...

Total bank deposits in Cyprus recorded a net decrease of €211.3 million in January 2025, following a significant net increase of €977.4 million in December 2024, according to the Central Bank of Cyprus (CBC). ...

Alpha Bank on Thursday announced a binding agreement to acquire the total assets and liabilities of AstroBank Public Company Ltd for €205 million, a move strengthening its presence in the Cypriot ...

Hellenic Bank on Thursday reported a net profit of €383 million for the full year 2024, highlighting its strong financial performance and solid capital position. “2024 was a landmark year for Hellenic Bank ...

Today’s digital economy is high-speed, with businesses dealing in high-volume transactions, varied payment methods, and quick consumer responses. Managing payments is time-consuming, error-prone, labor-intensive, dangerous, and inefficient in cash ...

The Cyprus Borrowers Association (Syprodat) this week released a statement describing the “immediate and effective implementation of measures to tackle high living costs and secure a better future for young ...

The Bank of Cyprus announced on Monday the launch of a €30 million share buyback programme, a move previously signalled last week during the release of its preliminary 2024 financial results. In ...

Hellenic Bank reaffirmed its commitment to Cyprus’ hospitality industry with its participation at the 46th Cyprus Hotel Summit and Horeca Expo in Limassol, where sector challenges and opportunities were brought ...

The European Central Bank could cut its deposit rate down to 2 per cent by this summer, said Bank of France head and ECB policymaker Francois Villeroy de Galhau in an ...