Bank of Cyprus posts €19 million third-quarter profit
The Bank of Cyprus has posted an after-tax profit of €19 million for the third quarter of 2021, with after-tax profit reaching €20 million for...
Banking and Finance
Hellenic Bank sees €21 million after-tax profit
Hellenic Bank said Tuesday it has posted an after-tax profit of €21 million for the first nine months of 2021, as net interest income rose...
Turkish lira slides 1.6 per cent towards record dollar low
Turkey’s lira dipped to 13 to the dollar on Tuesday, resuming a slide towards last week’s record low as strong economic growth data failed to...
Cyprus Business Now
Regulatory reporting firm Point Nine has announced a partnership with US company FIS, looking to bolster its ability to provide trade and transaction reporting services...
Hellenic Bank: Investing in technology is a win-win
Digitisation in banking is no longer just an option, but an imperative. Keeping customers’ needs top of mind, Hellenic Bank is constantly rolling out new...
Erdogan orders probe into Turkish lira’s slump
Turkish President Tayyip Erdogan has ordered an investigation into possible currency manipulation after the lira fell sharply to record lows against the dollar this week,...
Cyprus Business Now
The Cyprus University of Technology (Tepak) announced on Friday that it has managed to achieve significant savings in the total amount of property rents it...
Supercharged Turkish stocks rally not everything it seems
The lira’s plunge has propelled Turkey’s exporter-dominated stock market to its best month in 12 years, but for foreign investors, who have just started dipping...
Cyprus economy still impacted by pandemic, improvement expected, European Commission says
Economic activity started recovering from the sharp recession as of the first half of 2021, driven mainly by domestic demand, although tourism activity still remains...
German banks vulnerable to housing bubble; should build buffers: Bundesbank
Germany’s banks are increasingly vulnerable to an overvalued property market and finance authorities should force lenders to build up capital buffers, the Bundesbank said on...
