Banking and Finance

The Central Bank of Cyprus (CBC) hosted a special session on Wednesday with various local business associations, according to an official announcement. The session focused on the digital euro’s ...

Hellenic Bank on Wednesday reported a profit after tax of €284 million for the first nine months of 2024, marking a 28 per cent increase from the same period last year. “During the ...

Cyprus’ Authority Of Cooperative Societies, led by Kypros Protopapas, has raised concerns about the complexities involved in establishing a new, nationwide cooperative bank. Speaking before the House finance committee this ...

The Bank of Cyprus claimed two prestigious Gold Awards at Bousias’ Cyprus HR Awards for 2023, according to an announcement released on Tuesday. The bank was awarded ‘Best Change Management Strategy &...

The Central Bank of Cyprus (CBC) this week announced an ambitious transformation plan under its newly released strategy for 2025-2026. This initiative, outlined in a 13-page document, aims to create ...

A business association urged parliament on Monday to quickly pass an EU regulation that has to do with the screening of direct foreign investment in Cyprus, noting that the island ...

The savings rate in Cyprus has experienced a decrease, according to preliminary estimates of key macroeconomic indicators from the national accounts for 2023. According to the data, the gross disposable income ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Monday highlighted the importance of taking a forward-looking approach to assessing individual risks, combined with a thorough analysis of the prevailing ...

Here are the top business stories in Cyprus from the week starting October 28: Financial support and advisory services are essential for Cyprus’ small and medium-sized enterprises (SMEs) to enhance resource ...

Many US companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from conservative politicians, data reviewed by Reuters shows. The trend shows ...

Cyprus has exceeded €1 billion in bond and loan repayments for the second quarter of 2024, according to the latest bulletin released on Friday by the Public Debt Management Office (PDMO). The ...

Cyprus recorded an increase in short-term household deposit rates in September, alongside declines in consumer and housing loan rates, according to the Central Bank of Cyprus (CBC). Deposits The rate ...

Household debt in Cyprus has dropped by 57 per cent drop since December 2016, according to a report by the Central Bank of Cyprus (CBC). The CBC’s latest quarterly financial accounts ...

Cyprus recorded a substantial improvement in its current account balance in the second quarter of 2024, with the deficit narrowing from €285.4 million in Q2 2023 to €52.9 million, according to preliminary data from ...

President of the Association of Cyprus Banks Aristides Vourakis on Thursday expressed optimism over continued economic growth in Cyprus, driven by recent interest rate cuts from the European Central Bank (...

PwC Cyprus celebrated the achievements of its top-performing trainee accountants in the recent ACCA exams at a ceremony on October 23, 2024, at the PwC Experience Centre.  Attended by CEO Philippos Soseilos ...

By Alexandros Clappas Sustainable finance has recently emerged as a key area of interest for modern investors and market participants. The term sustainable finance more broadly encompasses environmental, social, and ...

Cyprus’ refinancing needs will remain within manageable levels for the coming years, well below the ten per cent of GDP threshold. Projections estimate requirements at around three per cent of ...

There is no urgency for the European Central Bank to cut interest rates quicker and it could even live with a small, temporary undershoot of its inflation target, Belgian central ...

The Bank of England is reluctantly pressing on with work to create a form of digital money accessible to the general public, as commercial banks risk failing to keep up ...

Lloyds Banking Group shrugged off fears of a bank tax hike in the UK budget next week, with CFO William Chalmers saying Britain’s biggest mortgage lender would play its ...

Here are the top business stories in Cyprus from the week starting October 21: A significant share of Cypriot wealth continues to languish in low-interest bank deposits, despite alternative investment options, ...

Scope Ratings has upgraded Cyprus’ long-term issuer and senior unsecured debt ratings to A- from BBB+, signalling a notable milestone as the country’s first A-level rating from a major ...

The Central Bank of Cyprus reported on Friday that total loans in Cyprus increased by €107.3 million in September, reversing a decline recorded in the previous month. This growth was primarily ...