Banking and Finance

HSBC (HSBA.L) aims to double the assets under management in its British wealth business to 100 billion pounds ($131 billion) in the next five years, the division’s head told Reuters, ...

Financial literacy classes will be rolled out to all third-year high school students this academic year, Education Minister Athena Michaelidou announced on Friday. The decision was finalised during a Cabinet ...

Eurobank has announced the new board members it will propose for Hellenic Bank ahead of the general assembly scheduled for September 18. According to the proposal, Petros Christodoulou is set to ...

The Cyprus Securities and Exchange Commission (CySEC) this week issued an urgent warning regarding the existence of fraudulent websites that are falsely claiming to be associated with the regulatory body. ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday issued a warning to the public regarding false and misleading posts circulating on social media and other online platforms. These posts, ...

Swiss companies and consumers are now able to make instant electronic payments, catching up with other European financial centres where the ultra-fast transfers are increasingly popular. Instant payments allow credit ...

Cypriot banks have nearly eliminated their borrowing from the Eurosystem through Targeted Longer-Term Refinancing Operations (TLTROs), with the latest data from the Central Bank of Cyprus (CBC) showing repayments totalling €2.6 ...

The Bank of Cyprus on Monday announced that it will hold an extraordinary general meeting (EGM) on September 13 to approve its listing on the Athens Stock Exchange (ASE) and to ...

Cooperative banks are set to make a comeback, with regional meetings to inform the public scheduled for October, during which people will be able to sign up. Learning from the ...

Hellenic Bank this week announced the launch of a new initiative designed to support first-time homebuyers in Cyprus. The “First-time Homeowners” scheme offers reduced interest rates for the initial three ...

The assets of investment organisations in Cyprus increased by 0.9 per cent during the second quarter of 2024, according to a report released on Friday by the Central Bank of Cyprus (CBC). ...

Euromoney, a leading international magazine specialising in banking, finance, and financial markets, has awarded the Bank of Cyprus the title of the best bank in Cyprus for 2024. This marks the ...

Freedom Holding Corp., the founder of Freedom24, this week released its results for the first quarter of fiscal year 2025 ended June 30, 2024. According to the result, the holding company generated revenue ...

Baker Tilly Klitou and Partners Limited has been appointed as the External Auditors of the Central Bank of Cyprus for the financial years 2023 to 2027, according to an announcement released on ...

By Ioannis Tirkides When the Bank of Japan raised its key interest rate from a range of zero to 0.1 per cent to 0.25 per cent, arguably to stem the yen’s ...

Hellenic Bank on Friday reaffirmed its commitment to sustainability through a number of actions and initiatives outlined in its 2023 sustainability report. The report provides an in-depth look at the bank’...

The Bank of Cyprus (BoC) on Thursday announced a profit after tax of €270 million for the first six months of 2024, marking a 23 per cent increase compared to the same period ...

In the realm of no credit check loans, enticing offers such as guaranteed approval, flexible repayment terms, and no origination fees can be quite appealing. However, it’s essential to ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced the imposition of administrative fines totalling €740,000 on the Cyprus Investment Firm (CIF) Exelcius Prime Ltd. CySEC chairman George Theocharides said ...

The mandatory public offer for the acquisition of up to 100 per cent of the issued share capital of Hellenic Bank Public Company Limited, submitted on June 4, 2024, has been completed, according ...

Britain’s top eight banks including HSBC, Barclays, Lloyds and NatWest could be wound down in a crisis without the immediate need for taxpayer cash, the Bank of England said ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday published its new rules on digital customer onboarding through the release of a Policy Statement (PS-01-2024). According to the commission, ...

The capital reserves of Greek banks have been further strengthened, though the quality of these funds remains weak, according to a report by the international credit rating agency Morningstar DBRS. ...

The Central Bank of Cyprus (CBC) has made an upward revision to its GDP growth forecast for 2024, adjusting the projected growth rate to 3 per cent, an increase of 0.2 percentage points ...