Banking and Finance

The Central Bank of Cyprus released a report this week indicating a decline in deposit rates for April, while loan interest rates fluctuated across categories during the same period of ...

Eurobank S.A. on Tuesday, June 4, announced the acquisition of 31,959 shares of Hellenic Bank Public Company Ltd from investment funds managed by Senvest Management LLC. According to the announcement, the ...

Eurobank S.A. has announced that it now holds 55.3 per cent of the total issued share capital of Hellenic Bank. The bank revealed that it has submitted a Mandatory Public ...

The return on equity for the Cypriot banking system after taxes reached 24.6 per cent at the end of 2023, compared to just 4.8 per cent at the end of 2022, according to a ...

The most successful people today have one thing in common: investments. There are so many things people can invest in today, but nothing beats the value of precious metals. Investing ...

CDB Bank this week announced the commencement of its partnership with the Bank of New York Mellon as its correspondent bank. According to an official announcement by the Cyprus Development ...

The aim is to support the Cypriot market in achieving its green transition objectives The Cyprus Stock Exchange (CSE) and the Hellenic Energy Exchange (HEnEx) this week signed a Memorandum ...

The Cyprus Stock Exchange (CSE) has announced the acceptance of the listing of 16,000 13-week Treasury Bills, 3rd issue, Series 2024 (31/05/2024 – 30/08/2024), with a nominal value of €1,000 each, amounting to a total value ...

The European Union “could and should” delay the implementation of certain bank capital rules if the US drags its feet too long on fully implementing the Basel III rules, according ...

Deposits in the Cypriot banking system increased for the third consecutive month in April of this year, while loans recorded a net decrease after two months of growth, according to ...

Increased interest income, driven by successive interest rate hikes from the European Central Bank (ECB), has significantly boosted Cypriot banks’ profits in the first quarter of 2024, which amounted to €226 million ...

Banks and insurers are making more requests to US credit agencies for ratings on their risky loans to private equity funds that are secured against the value of their portfolio ...

In response to the rapid advancements in financial, regulatory, and supervisory technology (FinTech, RegTech, and SupTech), the Cyprus Securities and Exchange Commission (CySEC) on Tuesday announced the launch of its ...

The Cyprus Securities and Exchange Commission (CySEC) recently announced a number of decisions pertaining to firms operating on the island, including the withdrawal of license authorisation. On Monday, CySEC stated ...

A newly introduced bill in the House aims to clarify the Central Bank of Cyprus’ (CBC) role as the competent authority for implementing European Union (EU) legal acts and imposing ...

Cypriot banks made significant repayments on loans from the European Central Bank’s (ECB) Targeted Longer-Term Refinancing Operations (TLTROs) in March of this year, according to data released on Monday ...

European stock pickers are turning to more established sectors like utilities, professional data providers and even copper miners to tap into the next wave of the AI boom, a year ...

There was a slight increase in the absolute numbers of non-performing loans (NPLs) in Cyprus in January of this year, with the ratio of NPLs to total loans remaining stable ...

Long-term gain is usually a result of a competitive contest between risk and reward in trade spheres While platforms like the graphs247 Trading with an enormous number of tools and ...

Eurobank Cyprus recently clinched the Digital Transformation Award at the Temenos Community Forum conference in Dublin, which took place from May 14-16. This accolade celebrates the bank’s successful execution ...

Hellenic Bank on Friday released its financial results for the first quarter of 2024, recording an after-tax profit of €93.3 million, with interim CEO Antonis Rouvas saying that the year “started on ...

Embark on a journey through the intricate realm of market sentiment, where emotions dictate the ebb and flow of financial markets. From the depths of panic to the heights of ...

The ongoing tax reform process, the first in over twenty years, was the focal point of a conference organised this week by FMW. The event saw participation from technocrats from ...

The total assets of investment funds in Cyprus increased by approximately €293 million in March of this year, representing a rise of 4.5 per cent compared to December 2023, reaching €6.78 billion. According to ...