Banking and Finance

The Central Bank of Cyprus (CBC) reported on Tuesday a decline in most deposit and lending rates in November, except for loans to non-financial corporations exceeding €1 million, which recorded an ...

Cyprus’ international investment position (IIP) showed slight improvement during the third quarter of 2024, according to a report released this week by the Central Bank of Cyprus (CBC). The IIP recorded ...

The Cyprus Stock Exchange (CSE) general index outstripped global counterparts in 2024 by climbing 58.3 per cent, marking the best performance among national stock exchange indices. This surge was primarily fueled by ...

Total deposits in Cyprus amounted to €54.8 billion in November 2024, according to the Central Bank of Cyprus’ monetary and financial statistics report released this week. In addition, the central bank’s ...

Lending to eurozone companies and households grew at a modest pace in November, pointing to a lacklustre end of the year for the bloc’s economy, European Central Bank data ...

Consulting and advisory firm PwC Cyprus on Thursday announced that it has published its new tax guide for 2025. “The guide serves as an important source of information on all tax-related ...

The Cyprus Stock Exchange (CSE) performed robustly in 2024, with significant increases in trading activity, market capitalisation, and investment interest, according to its chairman Marinos Christodoulides. The CSE chairman said that ...

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 ...