Banking and Finance

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 ...

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 ...