Banking and Finance

The Cyprus Securities and Exchange Commission (CySEC) on Monday issued a circular to inform fund managers and related entities about the submission of quarterly statistics for Q4 2024. The reporting deadline ...

The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10 seconds, with the service being available round-the-clock. The new service will ...

The Greek government will hold an auction of three-month treasury bills (T-bills) on Tuesday, December 31, 2024, according to an announcement by the Public Debt Management Agency (PDMA). The auction aims to ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday published a practical guide to help regulated entities meet their obligations in combating the financing of weapons of mass destruction. The ...

Sending money just got a whole lot easier for Hellenic Bank customers. Now they can download the Hellenic Bank Mobile App to their phone and carry out all their transactions ...

Here are the top business stories in Cyprus from the week starting December 16: Limassol’s share of the 2025-2027 state budget has drawn the ire of the Limassol Chamber of ...

The European Central Bank should continue to cut interest rates in small steps and resist the temptation of trying to prop up growth in a currency bloc that suffers largely ...

The Central Bank of Cyprus (CBC) on Friday said that it is assessing the capital needs of banks in light of escalating macroeconomic and geopolitical risks. Speaking during a briefing ...

Bank of Cyprus and Hellenic Bank on Friday announced a new raft of measures aimed at supporting vulnerable borrowers. The developments come after meetings at the presidential palace earlier in ...

The Central Bank of Cyprus (CBC) has revised its GDP growth forecast for 2024 upwards by 0.2 percentage points, now expecting growth of 3.7 per cent. The revision is attributed to stronger domestic ...

The Central Bank of Cyprus (CBC) on Friday announced the launch of a comprehensive licensing and supervisory strategy aimed at enhancing oversight and governance of electronic money institutions and payment ...

Cyprus’ adoption of the 15 per cent minimum tax for multinationals entails both challenges and opportunities, according to Stelios Violaris, Tax Advisory Services Partner at PwC Cyprus. Violaris also highlighted the ...

The Cyprus Banking Association on Thursday confirmed that banks will announce their decisions on interest rate and fee reductions by the end of the week. Spokesman Andreas Kostouris told state ...

Thousands of people will benefit from the expected reductions in some banks charges and preferential interest rates for vulnerable groups that banks are set to announce by the end of ...

The Cyprus Stock Exchange (CSE) announced on Wednesday the introduction of a market maker framework. The new framework, the CSE explained, aims at “enhancing the liquidity of listed securities and ...

Cyprus’ financial sector is undergoing a significant transformation as digital banking technologies, fintech partnerships, and sustainability initiatives reshape operations and redefine customer experiences. According to Stella Mourouzidou Damtsa, Manager Segments &...

The Central Bank of Cyprus (CBC) on Monday released its late report on interest rates across all monetary financial institutions (MFIs) for the month of October. The report showed fluctuations ...

Hellenic Bank on Monday announced a reduction in its reference rate for loans linked to the European Central Bank’s (ECB) base rate. Effective from December 18, 2024, the rate will decrease ...

Capital Intelligence Ratings has upgraded Hellenic Bank’s foreign currency long-term rating to “BBB-” from “BB”, citing significant improvements in financial stability and capitalisation. This took place on the same ...

The threat of soaring government debt supply destabilising financial markets has intensified, according to the world’s top central banking advisory body, as it urged policymakers to act swiftly to ...

Here are the top business stories in Cyprus from the week starting December 9: The European Union’s Digital Operational Resilience Act (DORA), taking effect on January 17, 2025, will impose tougher cybersecurity ...

The proposed bill to impose a tax on banks’ windfall profits would jeopardise the stability of the financial system, government spokesman Konstantinos Letymbiotis said on Friday. His comments came a ...

Cyprus’ economy is projected to maintain its resilience in 2025, with an anticipated growth rate of 3.1 per cent – significantly higher than the EU average – Finance Minister Makis Keravnos said on Friday. ...

More than 800 students from schools across Cyprus participated in a series of lectures and talks organised by the Cyprus Securities and Exchange Commission (CySEC), aimed at enhancing financial literacy among ...