Banking and Finance

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 ...

The positive trajectory of the Cypriot economy, the successful issuance of a seven-year bond by the Republic of Cyprus, the commencement of strategic dialogue with the US, digital transformation, and ...

Alpha Services and Holdings S.A. (Alpha Holdings) has denied recent media reports claiming that the company is in negotiations to acquire a stake in the Bank of Cyprus Holdings ...

The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25 per cent at its last meeting before July 4’s UK election, but the prospect of ...

International credit rating agency Standard & Poor’s (S&P) this week upgraded the long-term credit rating of the Bank of Cyprus to BB+ with a positive outlook. This ...

International credit rating agency Moody’s this week announced that it has initiated a review for a possible upgrade of all ratings and assessments of Hellenic Bank. According to the ...

The Central Bank of Cyprus (CBC) this week revised its forecast for the country’s GDP growth in 2024 to 3 per cent, up from the 2.8 per cent predicted in March, primarily ...

The Republic of Cyprus on Tuesday announced the appointment of investment banks Citi, Deutsche Bank, Goldman Sachs Europe, and HSBC as advisors for the issuance of a new €1 billion 7-year ...

AstroBank CEO Aristides Vourakis on Tuesday was elected as president of the Association of Cyprus Banks for the next two years, with Antonis Rouvas, interim CEO of Hellenic Bank, stepping ...

Cypriot state officials on Tuesday used their attendance at the annual general meeting of the Association of Cyprus Banks to call for a reduction in lending rates and a narrowing ...

Cypriot investment platform Sophic, which is provided by Athlos Capital, has secured over 80 per cent of the latest issuance of Treasury Bills by the Republic of Cyprus for its clients, ...

The newly-established Cyprus Financial Literacy and Education Committee (CyFLEC) is set to implement the national strategy for enhancing financial literacy in Cyprus, according to an announcement released on Tuesday by ...

Standard Chartered on Monday lost a bid to cut from a London lawsuit allegations that it broke US sanctions against Iran in a more widespread way than it has previously ...

Lawmakers on Monday quibbled on whether Cyprus looks set to face fines from Brussels for failure to transpose into domestic law an EU directive regulating the transfer of loans from ...

Freedom Holding Corp. (FRHC), the parent company of Freedom24, this week reported record-breaking results for the fiscal year ending March 31, 2024. During this period, the holding company’s revenue doubled to $1.6 ...

The Finance Ministry is contemplating a return to financial markets in the near future, aiming to capitalise on the Cypriot economy’s positive momentum, which has been further reinforced by ...

By Kyriacos Shimillas, Pronomia Loyalty Scheme Product Manager at Bank of Cyprus At Bank of Cyprus, we are constantly striving to innovate and provide unique value to our customers. As ...

PwC Cyprus announced on Thursday that nearly two-thirds (63 per cent) of companies report a very high or extremely high level of confidence in their readiness to comply with the forthcoming ...