Banking and Finance

Digital payments have a significantly smaller environmental impact compared to cash transactions, according to a report by the European Digital Payments Industry Alliance (EDPIA). The study, conducted by Oxford Economics, ...

The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind ...

The Bank of Cyprus on Tuesday celebrated the graduation of the inaugural class from the BoC Academy, an initiative carried out in collaboration with the CIM Business School. Launched in 2023, ...

British fintech company Revolut’s CEO Nikolay Storonsky will cash in part of his multibillion dollar stake in the company as part of a $500 million share sale, according to a ...

UBS is seeing a shift in the way clients are interacting with their bankers powered by artificial intelligence, according to the head of the Swiss bank’s domestic business Sabine ...

The Central Bank of Cyprus (CBC) announced on Thursday that new loans taken out by non-financial corporations over €1 million increased by 10 per cent in May of this year, despite a 0.52 ...

The Central Bank of Cyprus (CBC) stated in its 2023 annual report, which was published this week, that increased bank profitability is not expected to alter the supervisory authorities’ prudent policy ...

Public sector workers’ unions and bank employees’ union Etyk are planning to create a new cooperative savings bank. Civil servants’ union Pasydy secretary-general Stratis Matheou told the Cyprus Mail on ...

Credit rating agency Fitch Ratings this week upgraded Hellenic Bank’s long-term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’, with a stable outlook, and its Viability Rating (VR) to ‘...

Eurobank has revealed its intention to gain full control of Hellenic Bank’s share capital and voting rights, while also sharing details about the company’s future operations, according to ...

Eurobank on Monday announced that it now holds shares representing 55.48 per cent of the total issued share capital and voting rights of Hellenic Bank. Specifically, Eurobank S.A., a subsidiary ...

Banks as well as government officials on Monday all but gave the thumbs-down to the idea of taxing the windfall profits of commercial lenders, a proposal brought by opposition party ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) rate at 1 per cent, in accordance with the Macroprudential Supervision of Institutions Laws of 2015 to 2022, ...

The House is expected to discuss legislation concerning the establishment and operation of collective investment organisations in September, following the end of the summer recess, according to statements made on ...

Deposits and loans in the Cypriot financial system both experienced an increase in May of this year, according to a report released this week by the Central Bank of Cyprus (...

The Cyprus Securities and Exchange Commission (CySEC) on June 25 approved the publication of the Public Offer Document for the acquisition of up to 100 per cent of Hellenic Bank’s issued ...

The challenges and trends of the primary sector, which concerns activities that typically provide raw materials for further processing, were discussed at the 7th Pan-Cyprian Dairy, Agriculture, and Livestock Conference, ...

AstroBank has been named the Best Private Bank in Cyprus for 2024 at the Global Private Banking Innovation Awards, according to an announcement by the bank released on Wednesday. The announcement ...

The Bank of Cyprus has been awarded the prestigious “Best Financial Institution Bond in Southeast Europe” by the business periodical EMEA Finance, for its highly successful issuance of Additional Tier 1 (...

The potential sale of a substantial stake in the Bank of Cyprus’ equity, along with geopolitical developments, took centre stage at the Cyprus International Business Association (CIBA) forum, which took ...

Small-cap stocks are the hidden gems of the investment world. These companies, with market caps between $300 million and $2 billion, offer huge growth potential and exciting opportunities. Their lower visibility means ...

Six months ago the world’s major central banks were primed for a move that anyone with a credit card or hoping to buy a home or run a business ...

Cyprus has demonstrated flexibility in choosing its timing to enter the markets for the issuance of a 7-year bond, which sought to raise €1 billion, according to investment firm Athlos Capital. ...

The Finance Ministry has been spurned into action by the news reported by Bloomberg that AB CarVal Investors and Caius Capital are interested in selling their shares in the Bank ...