Banking and Finance

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 ...

The Bank of Cyprus on Tuesday announced that it has repurchased 50,000 of its ordinary shares with a nominal value of €0.10 each. The transactions were executed on November 18 on the Cyprus ...

The number of investment funds in Cyprus increased in September 2024 compared to June of the same year, despite a slight decline in their total assets, which amounted to €6.79 billion, according ...

No evidence has come up concerning the existence of cartels or cartel-like behaviour in the retail fuel market or the banking industry, the Commission for the Protection of Competition (CPC) ...

Hellenic Bank on Monday announced a reduction of its key interest rate by 21 basis points, effective from November 14, 2024. This move is expected to positively impact more than 90,000 borrowers across the ...

Here are the top business stories in Cyprus from the week starting November 11: Two in three Cypriots place a high priority on adapting to climate change, according to the European ...

The 12th Energy Symposium tackled the energy crisis, regional turbulence, and the urgent global shift to renewables. Titled “The Big Decisions on Energy”, the event was held with the support ...

The Bank of Cyprus Holdings (BOCH) this week announced the repurchase of 65,000 ordinary shares of €0.10 each. These purchases, effective as of November 14, took place on the Cyprus Stock Exchange (CSE) ...

Hellenic Bank has underscored the importance of long-term investment strategies in navigating a highly volatile market environment. Speaking at the first Where to Invest Forum 2024, organised by the bank as ...

The Bank of Cyprus said on Thursday it is taking proactive measures to prevent online scams while fake news about a fraudulent lucrative platform linked to the bank have been ...

The United States is pursuing an inquiry into Russian clients that UBS (UBSG.S) took on when it bought Credit Suisse, three people familiar with the matter said, heightening scrutiny ...

With the increasing dependence on digital payments, UPI (Unified Payments Interface) has become a popular and convenient choice for people across India. From grocery shopping to bill payments, UPI apps ...

Mortgage interest rates for new housing loans in Cyprus remained high during September 2024, despite the declining trend in rates set by the European Central Bank (ECB). According to a report ...

The downward trend of non-performing loans (NPLs) in Cyprus continued in August 2024, with an additional €15 million decrease. According to a report released on Tuesday from the Central Bank of Cyprus (...

The Bank of Cyprus (BoC) on Tuesday reported a profit after tax of €401 million for the first nine months of 2024, representing a 15 per cent increase year-on-year. According to the bank’...

Hellenic Bank and bankers’ union Etyk have signed a new collective agreement, according to an official announcement released on Monday. “This agreement brings to an end a prolonged period of ...

Here are the top business stories in Cyprus from the week starting November 4: Cyprus and Egypt are set to deepen maritime collaboration through a joint commission established during Deputy Shipping ...

Central banks have engaged in notable amounts of gold purchasing in recent years. In 2022, their buying level reached its highest point since 1950, with banks ultimately obtaining 152% more gold than in 2021. ...

Eurobank’s third-quarter results mark a significant milestone as the bank fully integrates Cyprus’ Hellenic Bank for the first time since acquiring a majority stake, said Eurobank CEO Fokion Karavias. “...

Alpha Bank (ACBr.AT), Greece’s fourth-largest lender by market value, reported higher net earnings in the January-September period compared to the same period in 2023, on lower provisions and strong ...