Banking and Finance

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 ...

The Bank of Cyprus’ compliance team has received significant recognition from the Association of Compliance Officers in Greece, according to an announcement released this week. The Compliance Awards ceremony took ...

The Cyprus Securities and Exchange Commission (CySEC) announced on Friday that it regards its active participation in this year’s World Investor Week (WIW) 2024 as a “complete success.”This global ...

CySEC officer Elena Karkoti this week released an article highlighting the importance of financial education from an early age, as part of the Cyprus Securities and Exchange Commission’s (CySEC) ...

The Central Bank of Cyprus (CBC) released its latest financial stability report this week, highlighting how banks and insurance companies are shaping their investment strategies in different ways. The report, ...

European Central Bank policymakers have begun to debate whether interest rates need to be lowered enough to start stimulating the economy, ending years of economic restriction, conversations this week with ...

The European Central Bank (ECB) has scope to further cut its key interest rates as inflation moves closer to its target, but it should remain vigilant about potential upside risks, ...

Hellenic Bank has announced the launch of new and upgraded service points designed to bring innovation to banking transactions. The new branches, equipped exclusively with advanced ATMs, will be located ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday released a statement requiring Cyprus Investment Firms (CIFs) to adopt the European Banking Authority (EBA) guidelines on the application of the ...

The Republic of Cyprus is expected to secure a new loan in 2025 to repay the first instalment of a €6.3 billion loan received from the European Stability Mechanism (ESM). This projection ...

A significant share of Cypriot wealth continues to languish in low-interest bank deposits, despite alternative investment options, according to senior investment specialist at Athlos Capital Phanos Vladimirou. He also attributed ...

Euro zone inflation could ease more quickly than previously thought and economic growth is also likely to remain weak, according to ECB policymakers and fresh surveys, reinforcing the case for ...

Here are the top business stories in Cyprus from the week starting October 14: Rising interest rates, which have resulted in increased borrowing costs, have weighed heavily on mortgage demand in ...

Fiscal Council president Michalis Persianis on Friday raised concerns over the growing trend in consumer loans, which, according to him, are being granted easily by some banks without collateral. He ...

Seven of the 10 big developed-market central banks tracked by Reuters have now started easing policy, with expectations of how quickly each will move swinging back and forth as policymakers stress ...

Dr. Silvio Walser, Product Manager of Digital Product, Bank of Cyprus: “A guide for young people on their journey towards financial independence” Financial literacy skills, such as budgeting, saving, and ...

The European Central Bank cut interest rates for the third time this year on Thursday, pointing out that inflation in the eurozone is now increasingly under control and the economic ...

The Pancyprian Cooperative Promotion Company is seeking a contractor to prepare a prospectus and issue shares as part of its roadmap to establish a “new small cooperative bank”, it emerged ...

The banking landscape is rapidly evolving, with online banking gaining significant traction alongside traditional banks. As digital solutions become more integrated into everyday life, consumers are increasingly faced with the ...

A rapid divergence between eurozone and US government bond markets is expected to continue, as an increasingly lacklustre European economy adds to the pressure on the European Central Bank to ...

The Bank of New York has awarded the Bank of Cyprus the “STP AWARD 2023” for the third consecutive year, recognising the high-quality procedures the Bank follows in the area of ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday reported that the total assets under management (AUM) for the country’s collective investment sector reached €9.4 billion in the second quarter ...

U.S. stock index futures were mixed on Monday as investors geared up for a week packed with third-quarter earnings reports and economic data that will likely test stretched stock ...