Banking and Finance

The Public Debt Management Office (PDMO) released its annual report for 2023 on Tuesday, stating that the robust cash reserves of the Republic of Cyprus are expected to support the government ...

International credit rating agency Moody’s has given a positive assessment on the mooted move by Hellenic Bank to acquire the operations of CNP Insurance in Cyprus and Greece, stating ...

Making hard and fast decisions is not always an easy task. Oftentimes we make decisions depending fully on our emotions. Sometimes our decisions are fruitful, and bring good results for ...

Deutsche Bank (DBKGn.DE) shares were 5.5 per cent lower in early trade on Monday after news that Germany’s largest lender could be on the hook for up to 1.3 billion ...

Cyprus Stock Exchange senior officer Eliza Stasopoulou recently released a piece of analysis underlining how important it is for companies to implement corporate governance and social responsibility policies. She noted ...

Cypriot lender AstroBank has announced the launch of the three-year AstroBank Target Maturity Fund 2027, which aims to capitalise on the current bond yield environment. In its announcement, the company explained ...

The Central Bank of Cyprus (CBC) on Friday reported an increase in both loans and total deposits within the Cypriot banking system for March 2024. According to the CBC, liquidity, measured ...

Eurozone consumers lowered their expectation for inflation over the next 12 months in March but continued to see price growth above the European Central Bank’s 2 per cent target further out, ...

The Central Bank of Cyprus (CBC) has calculated the reference interest rate at 11.42 per cent, exercising the powers granted to it by Article 314A of the Criminal Code Law, Chapter 154. ...

The Bank of Cyprus on Thursday announced new stock acquisitions, having obtained a number of ordinary shares worth €0.10 each from its appointed trader, the Cyprus Investment and Securities Corporation (CISCO), ...

The Cyprus Stock Exchange (CSE) this week announced its acceptance of the introduction of government bonds to the market, in accordance with Article 58(1) of the Cyprus Securities and Stock Exchange ...

Hellenic Bank on Thursday announced that it has entered into exclusive negotiations and a put option with CNP Assurances for the acquisition of its subsidiary CNP Cyprus Insurance Holdings Limited, ...

The Bank of Cyprus on Thursday announced the successful launch and pricing of €300 million in green senior preferred notes under its EMTN Programme. According to an official announcement by the ...

London-based investment fund Helikon Investments Limited has raised its stake in the Bank of Cyprus, according to an announcement by the bank. The Italian investment fund disclosed that its voting ...

Hellenic Bank is reportedly on the verge of finalising a deal with French insurer CNP Assurances to acquire its insurance operations in Cyprus, it emerged on Wednesday. Citing sources within ...

A dollar surge propelled by a strong economy, sticky inflation and geopolitical tensions have unnerved policymakers from Tokyo to Beijing and Stockholm. The dollar is at its highest since November ...

European Central Bank governors fear publishing their interest rate forecasts would invite pressure from governments trying to gauge if their central banker was serving their domestic agenda, sources told Reuters ...

The Central Bank of Cyprus (CBC) has released a statement notifying the public of scheduled closures for all banks on several upcoming dates. The closures are as follows: Wednesday, May 1, 2024: ...

The newly appointed governor of the Central Bank of Cyprus (CBC) Christodoulos Patsalides has deemed today’s interest rate disparity between lending and deposit rates in Cyprus unsatisfactory, suggesting various ...

The Cyprus government recorded a fiscal surplus of €918.7 million in 2023, constituting 3.1 per cent of the Gross Domestic Product (GDP), with government debt reaching €23.03 billion, accounting for 77.3 per cent of GDP, ...

Investors should get a clearer picture this week of whether higher interest rates are still boosting European bank profits or if a year-long share price rally will run out of ...

By Saeed Azhar and Matt Tracy US regional banks are expected to set aside more money to cover potential commercial real estate (CRE) losses and sell more property loans as ...

Here are the top business stories in Cyprus from the week starting April 15: In recent developments from Cyprus, Marinos Christodoulides, President of the Cyprus Stock Exchange (CSE), emphasised the significance ...

Leaders of the UK’s financial technology industry are urging the British government to increase tax relief and help them raise more investment, as some executives warn a shortage of ...