Banking and Finance

Banks in Cyprus and Greece have announced significantly improved profit distribution policies, reflecting their strengthened profitability over the past three years, according to a report from Stockwatch. Following the release ...

Cyprus’ GDP is expected to grow by 3.2 per cent in 2025, slightly lower than the figure of 3.4 per cent reported for 2024, according to the Central Bank of Cyprus (CBC). This figure ...

Two major investment funds, CarVal Investors and Caius Capital LLP, have significantly reduced their holdings in the Bank of Cyprus in recent months, marking a controlled divestment process, according to ...

The Bank of Cyprus (BoC) on Monday announced that it has received the title of ‘Best Private Bank Cyprus 2025‘ by Global Banking & Finance Review magazine. The bank said that ...

Here are the top business stories in Cyprus from the week starting March 10: Out of 741 tourist units preparing to reopen in Cyprus, only 100 have secured a licence, accounting for just 13.5 ...

Analysts covering the Bank of Cyprus have significantly raised their price targets following the release of the bank’s preliminary financial results for 2024. According to a report from Stockwatch, all ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday released a statement detailing its actions for this year’s Global Money Week 2025 (GMW 2025). According to the announcement, these include a ...

Alpha Bank’s senior leadership met with state officials and key business figures in Cyprus this week, in order to outline its growth strategy and expansion plans. According to an ...

The total amount of loans held by credit acquisition companies in Cyprus stood at €20.3 billion at the end of 2024, down from €21 billion at the end of the first half of ...

A new issuance of Cyprus Treasury Bills (T-bills) will take place on Monday, March 17, 2025. The 13-week T-bills, maturing on June 20, 2025, are expected to attract strong demand once again, following recent ...

Alpha Bank’s senior leadership met with state officials and key business figures in Cyprus this week, in order to outline its growth strategy and expansion plans. According to an ...

The number of building permits issued in Cyprus during October 2024 fell to 470, marking a 25.6 per cent decline compared to the 632 permits issued in October 2023, according to data released by the ...

The number of employees who chose to leave Hellenic Bank under its latest voluntary exit scheme fell significantly short of the target of 400 departures. The plan, introduced amid the bank’...

Eurobank has set out its strategic objectives following the full acquisition of Hellenic Bank, as detailed in its public offer document outlining the acquisition process. As part of its plan, ...

By Xenia Kalogirou In effect since March 2021, the Sustainability Financial Disclosure Regulation – Regulation (EU) 2019/2088 (SFDR) – introduced transparency in the market for sustainable investment products as part of the EU’s 2030 ...

Hong Kong investor Balram Chainrai has increased his stake in Agros Development Company ‘Proodos’ Public Ltd to 87.85 per cent, the owner of Rodon Hotel, following the successful completion of his ...

Hellenic Bank on Tuesday announced that the reference rate for loans linked to the European Central Bank’s (ECB) base rate will be reduced by 0.25 per cent, from 2.90 per cent ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday outlined its key regulatory actions and market oversight efforts during a press conference in Nicosia. The commission’s presentation focused on ...

The Bank of Cyprus on Tuesday announced that it has been ranked among the world’s best foreign exchange banks for 2025 by Global Finance magazine’s Gordon Platt Foreign Exchange ...

The European Union has taken a significant step towards ensuring affordable, efficient, and clean energy for its citizens through its newly announced Action Plan for Affordable Energy. The plan, revealed ...

The Cyprus Housing Finance Corporation (HFC) is set to proceed with the sale of non-performing loans (NPLs) worth €57 million from its total portfolio of €270 million, according to statements made before ...

The largest banks in Cyprus and Greece successfully exceeded all their financial targets for 2024, demonstrating robust profitability and strengthened balance sheets. According to preliminary results released by the two largest ...

Here are the top business stories in Cyprus from the week starting March 3: The Cyprus International Businesses Association (CIBA) is currently analysing the proposed tax reform, according to an official ...

Eurobank Cyprus on Friday announced that it posted a net profit after tax of €214 million in 2024, marking a €14.6 million increase from the previous year, corresponding to a rise of 7.3 per ...