Banking and Finance

Opposition party Akel is bent on taxing banks’ historically high profits on Thursday, while critics argue the move intended to effect social justice is misguided. Member of the House finance ...

Cyprus continues to offer some of the lowest deposit interest rates in the eurozone, according to data published this week by the European Central Bank (ECB). The report revealed that ...

The Central Bank of Cyprus (CBC) this week reported the registration of 16 bounced cheques worth €21,445 in November 2024. This represents a significant drop compared to previous months, as well as the ...

New loans in Cyprus rose in October, mainly due to increased corporate borrowing over €1 million, which experienced the sharpest drop in lending rates, according to the Central Bank of Cyprus (...

The global payments landscape is poised for transformative growth in 2025, driven by a surge in digital wallets and open banking adoption, according to a survey by payabl., a European financial ...

Monthly dividend stocks provide 12 payments per year, unlike quarterly payers like Vod LSE stocks. High-yield portfolios can generate £500+ monthly income per £100,000 invested. These securities suit retirees and investors seeking regular ...

The economy has proved resilient in the face of a challenging international environment, and is expected to do the same going forward, the Central Bank boss said on Monday. Christodoulos ...

Western sanctions imposed on Russia over its military action in Ukraine will not be lifted anytime soon, the CEO of Russia’s second largest lender VTB Andrei Kostin told Reuters ...

Employee perceptions of how hedge funds handle diversity and inclusion have fallen to their lowest level since before 2021, when Reboot Financial Services began its annual report, the financial services campaigning ...

Here are the top business stories in Cyprus from the week starting November 25: Andrew Frost Moroz, founder of Aloha Browser, is a seasoned innovator with over two decades of experience ...

Lending to eurozone companies and households continued to accelerate last month, supporting the arguments from some that the bloc’s economy has bottomed out and a “soft landing” was underway, ...

Total loans in Cyprus fell by €213 million in October 2024 compared to the previous month, according to a report from the Central Bank of Cyprus (CBC). The report also showed that ...

Ratings agency Moody’s this week upgraded the rating of the Bank of Cyprus’ covered bonds to Aaa from Aa2. This follows a revision of Cyprus’ local-currency bond ceiling to ...

Hellenic Bank on Thursday announced that the Commission for the Protection of Competition has approved its acquisition of CNP Cyprus Insurance Holdings. This represents a major step forward in the ...

Dozens, possibly hundreds, of Bank of Cyprus customers received letters in the post over the past few weeks warning them that they would lose their accounts if they did not ...

Black Friday is no longer just a retail phenomenon, having grown into a significant economic indicator influencing stock market performance, according to international online broker Freedom24. The annual shopping event, ...

Eurobank, already holding a majority stake in Hellenic Bank, is set to complete a full acquisition in a deal worth approximately €1.2 billion, making it one of the largest cash transactions ...

The Pancyprian Cooperative Promotion Society unveiled its roadmap for establishing a new nationwide cooperative bank during a Monday evening event in Limassol, under the theme of ‘One for all and ...

Eurobank is set to raise its stake in Hellenic Bank to 93.47 per cent following agreements to acquire shares from Demetra Holdings Plc and Logicom Services Limited. The bank announced on ...

The Central Bank of Cyprus (CBC) on Friday reported that 94 per cent of loans held by credit acquisition companies were categorised as non-performing (NPLs) as of June 30, 2024. The report indicates ...

Inflows into global equity funds slowed in the week ending Nov. 20 due to geopolitical tensions between Russia and the West, with investors also anxious about the US interest rate policy ...

Central Bank of Cyprus (CBC) govennor Christodoulos Patsalides on Thursday addressed the Economist annual summit, highlighting the European banking sector’s resilience, while also addressing the challenges and risks facing ...

Greece’s systemic banks—Alpha Bank, Eurobank, National Bank of Greece, and Piraeus Bank—plan to expedite the repayment of deferred tax credits (DTC) starting in 2025, a move that credit ...

The Bank of Cyprus on Wednesday announced the complete disposal of the remaining shares held by Cyprus Popular Bank (Laiki) Public Co Ltd, which has been in liquidation. Following the ...