Banking and Finance

A multilayered matrix of goals and actions gives Hellenic Bank the lead in ESG strategy Committed as it is to promoting environmental sustainability and social resilience, Hellenic Bank has taken ...

With the message ‘a better tomorrow’, the company aims to consistently leave a positive imprint on the country For Lidl Cyprus, Corporate Social Responsibility has been an integral part of ...

Our commitment is our adherence to the UN’s Principles of Responsible Banking, a unique framework for sustainable banking developed through a collaboration between banks worldwide and the United Nations ...

“They have the power and responsibility to tackle big issues like climate change, inequality and social injustice. They need to shake up how they operate, not just to meet the ...

As Europe seeks to hold its ground against economic rivals, politicians think they have a secret weapon: the untapped savings of its citizens. From Italy selling government bonds to households, ...

Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to ...

Here are the top business stories in Cyprus from the week starting March 25: The European Commission recently released a report highlighting Cyprus’ economy as on a positive trajectory, forecasting growth ...

By Maria Demertzis Inflation in the euro area has declined convincingly from the very high levels seen in the past couple of years. The rate is expected to be 2.3 per ...

CBC governor Constantinos Herodotou on Friday addressed the “Digital Financial Literacy: the Way Forward” conference, held by the Central Bank of Cyprus (CBC). The conference aimed to explore the multifaceted ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical buffer rate at 1 per cent, with effect from June 2, 2024. According to a statement by the CBC, “in accordance ...

The PwC Cyprus Foundation participated for the second consecutive year in an initiative that sought to promote financial literacy among the youth, held during Global Money Week, which took place ...

Total deposits in Cyprus saw a significant net increase of €65.4 million in February 2024, rebounding from a substantial decrease of €366 million during the previous month, according to a report on deposits ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Thursday utilised the second educational video by the CBC to emphasise the vital importance of digital financial literacy in today’s ...

President Nikos Christodoulides on Thursday met with the advisory committee on tax reform, asking that progress on this matter be accelerated, in order to reap any benefits at the earliest ...

The recent annual tourism conference, organised by the Association of Cyprus Tourist Enterprises (Stek) with the support of Hellenic Bank, focused on discussing the future of Cyprus’ tourism industry and ...

Cyprus saw a decrease in net demand for new business loans in the final quarter of 2023, continuing a downward trend observed since the first quarter of 2022, albeit to a lesser ...

The Bank of Cyprus’ appeal against a €950,000 fine levied against them in 2014 was accepted by the Supreme Court on Wednesday. The fine had been levied by the Cyprus Securities and ...

The Chartered Financial Analyst (CFA) Society Cyprus recently held an educational interactive day focused on private equity and investment funds. The event involved the presence of members of the association, ...

Visa (V.N) and Mastercard (MA.N) reached an estimated $30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be passed on to ...

The Cyprus Securities and Exchange Commission (CySEC) imposed a number of fines for a variety of violations during March, pertaining to two entities, worth a total of €76,500, spread across three ...

Here are the top business stories in Cyprus from the week starting March 18: In response to the growing demand for sustainable and environmentally friendly business practices, the Cyprus Chamber of ...

In line with the annual global awareness campaign, Global Money Week 2024, coordinated by the Central Bank of Cyprus (CBC), the CBC has taken the initiative to create educational videos aimed ...

The Central Bank of Cyprus (CBC) on Friday slightly revised its forecast for the country’s economic growth in 2024, estimating it to be at a rate of 2.8 per cent. This ...

Some western banks are lobbying against EU proposals to redistribute billions of euros in interest earned on frozen Russian assets, senior industry sources said, fearing it could lead to costly ...