Banking and Finance

The solvency ratio of the Cypriot banking sector rose to 25.7 per cent in the first quarter of 2024, according to a report released this week by the Central Bank of Cyprus (...

The Bank of Cyprus on Monday announced a new reward programme for borrowers who have maintained timely payments on their home loans. According to a statement from the bank, the ...

The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global economic environment, Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said on Monday. ...

Here are the top business stories in Cyprus from the week starting July 29: Deputy Tourism Minister Kostas Koumis recently completed a tour of Limassol’s wine-producing regions, focusing on villages ...

Eurozone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said in an announcement. ...

The value of cashless transactions in Cyprus reached €129 billion in the second half of 2023, with a total of 152 million transactions, reflecting an increase of 12 per cent and 15 per cent, respectively, ...

Alpha Bank Cyprus announced on Friday that more than 4,000 of its borrowers received over €3 million in benefits through the bank’s reward programme. The programme, which ran from August 1, 2023, to ...

Eurobank Cyprus generated a net profit after tax of €105.7 million in the first half of 2024, according to the bank’s financial results released on Friday. Specifically, the bank’s financial ...

Eurobank announced on Wednesday evening that it had successfully completed its mandatory public offer to acquire up to 100 per cent of the issued share capital of Hellenic Bank. This resulted ...

Eurobank this week posted an adjusted net profit of €732 million for the first half of 2024, an increase of 22.2 per cent year-on-year, while reported net profit stood at €721 million. In addition, ...

Net new loans in Cyprus experienced a substantial increase in June 2024, reaching a total of €330.6 million, compared to €234.9 million in May, according to a report released this week by the ...

Households in Cyprus hold more than €56 billion in financial assets, with a significant portion held in cash, deposits, and loans, while also reducing their debt burden, according to a report ...

The Central Bank of Cyprus (CBC) on Friday announced that it has set the reference interest rate at 11.76 per cent. In a statement, the Central Bank of Cyprus said that, ...

Visa’s (V.N) third-quarter revenue growth fell short of Wall Street targets in a rare miss for the world’s largest payments processor as steep borrowing costs limited consumer ...

The Central Bank of Cyprus (CBC) on Thursday published its monetary and financial institutions (MFIs) report for June 2024, detailing deposits and loan statistics for the month under review. According to ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced important updates related to its anti-money laundering (AML) exams for certified persons. The exams are designed to confirm that individuals ...

The Bank of Cyprus has received two accolades recognising its corporate responsibility at the Boussias Cyprus Responsible Awards 2023, according to a statement released on Wednesday by the bank. Specifically, the ...

Non-performing loans (NPLs) in the Cypriot banking sector remained virtually unchanged in May, totalling €1.77 billion compared to €1.80 billion the previous month, according to a report released this week by the ...

For the second consecutive month, the interest rate on short-term bonds issued by the Republic of Cyprus has declined, with increased demand compressing the offered yields. According to data released ...

The Cyprus Children’s and Young People’s Book Society, supported by Hellenic Bank, successfully wrapped up its innovative reading initiative titled ‘The Furry Book Club’. This year, both children ...

If you’re in a financial crunch, one of the best ways to secure fast cash is to understand how no credit check loans online work. These loans offer a ...

Bank of Cyprus (BoC) now lets you make direct transfers in euros to the 36 countries of the SEPA zone (European Economic Area) in real time, with the funds immediately available ...

The European Central Bank (ECB) recently kept interest rates at their current levels but indicated that the September meeting is “wide open” as it downgraded its economic outlook for the ...

Finnish telecom equipment maker Nokia said on Thursday its operating profit fell 32 per cent in the second quarter because of continued weak demand for 5G telecom equipment but forecast a ...