Banking and Finance

UBS Asset Management has been selling corporate bonds in its global portfolios during market rallies, a senior fund manager said, citing concerns that a slowing economy or the looming US ...

The Bank of Cyprus on Friday announced an immediate reduction in its reference rate for loans linked to the European Central Bank’s (ECB) base interest rate. According to the ...

Bank of Cyprus shareholders on Friday approved the listing of the bank’s ordinary shares on the Athens Stock Exchange (ATHEX), pending a delisting from the London Stock Exchange (LSE). ...

Eurobank Cyprus on Thursday announced that it explored the deepening of business relations with India through its participation in the India Mediterranean Business Conclave. The forum, which was held by ...

The European Central Bank is almost certain to cut interest rates again on Thursday, but with inflation risks simmering despite anaemic growth, investors will be combing its message for clues ...

Hellenic Bank successfully completed a €100 million Senior Preferred bond issuance under its €1.5 billion Euro Medium-Term Note (EMTN) programme, according to an announcement released on Wednesday by the bank. The bond ...

The Central Bank of Cyprus (CBC) this week released detailed interest rate data for deposits and loans from individual credit institutions. This marks the first instance of this report being ...

The Bank of Cyprus on Tuesday announced that it has begun informing 20,000 eligible borrowers about its latest loyalty reward scheme. According to the announcement, the Bank of Cyprus’ new Pronomia ...

The value of bounced cheques recorded in Cyprus reached €57,129 in August 2024, according to a report released this week by the Central Bank of Cyprus (CBC). This figure comes from a ...

Here are the top business stories in Cyprus from the week starting September 2: On the topic of international cooperation, Saudi Arabian Transport Minister, Saleh Bin Nasser Al-Jasser, visited DP World ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced the launch of a new social media campaign, urging investors to exercise caution when engaging in online investment activities. According ...

The Central Bank of Cyprus (CBC) has reported a rise in interest rates on consumer loans, which increased to 6.67 per cent in July, up from 6.18 per cent in the previous ...

The Bank of Cyprus completed approximately 41 per cent of its maximum share buyback programme value by the end of August, according to an announcement by the bank. The announcement noted ...

By George Markides, George Kassinis, Andreas Soteriou Over the past two decades, financial technology (FinTech) has transformed the established financial sector by introducing more efficient and innovative methods of providing ...

Here are the top business stories in Cyprus from the week starting August 26: Starting with the economic landscape, the value of Cypriot bonds held by the Eurosystem has decreased to €6.38 ...

Hellenic Bank on Friday posted a profit after tax of €189 million for the first half of 2024, marking an 18 per cent increase compared to the same period during the previous year. ...

Total deposits in the Cypriot banking system saw a net increase of €164.7 million in July, reversing the €44.1 million decrease from June, according to a report released on Wednesday from the ...

Current Eurobank Cyprus CEO Michalis Louis is expected to become the new chief executive officer of Hellenic Bank, it emerged on Tuesday. This appointment comes as part of a broader ...

The value of Cypriot bonds held by the Eurosystem has decreased to €6.38 billion as the European Central Bank (ECB) continues its balance sheet reduction under its tightening monetary policy. These ...

Here are the top business stories in Cyprus from the week starting August 19: A total of 6.6 million passengers traveled through Cyprus’ airports between January and July this year, according to ...

A growing number of European Central Bank policymakers are lining up behind another interest rate cut in September and only major data surprises in the coming weeks could delay the ...

HSBC (HSBA.L) aims to double the assets under management in its British wealth business to 100 billion pounds ($131 billion) in the next five years, the division’s head told Reuters, ...

Financial literacy classes will be rolled out to all third-year high school students this academic year, Education Minister Athena Michaelidou announced on Friday. The decision was finalised during a Cabinet ...

Eurobank has announced the new board members it will propose for Hellenic Bank ahead of the general assembly scheduled for September 18. According to the proposal, Petros Christodoulou is set to ...