Banking and Finance

The Central Bank of Cyprus (CBC) on Monday released an announcement addressing recent media reports, concerning the European Banking Authority’s (EBA) peer review report on the supervision of creditors’ ...

Here are the top business stories in Cyprus from the week starting February 5: Recently, the Cyprus Securities and Exchange Commission (CySEC) reached settlement agreements with two Cypriot companies, namely the ...

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Although forex trading can make you wealthy, the results can take an ugly turn, especially for beginners. To get it right and profit handsomely, you should know the best strategies ...

Global shares hit their highest in over a year on Wednesday, supported by relatively robust earnings and a retreat in the dollar, although trouble among US regional banks and scepticism ...

Bank of Spain governor Pablo Hernández de Cos on Tuesday said that the European Central Bank (ECB) will proceed with cutting interest rates, without, however, specifying the timeline for ...

UBS (UBSG.S) said on Tuesday it would restart share buybacks and lifted cost-cutting targets, saying the integration of fallen rival Credit Suisse was on track, but higher expenses made ...

By year’s end Cyprus should have a national financial sanctions implementation unit, bringing the island up to speed with best practices in combating illicit finance, the finance ministry said ...

Here are the top business stories in Cyprus from the week starting January 29: In maritime affairs, the Cyprus Shipping Chamber (Kne) announced on Monday that it is marking 35 years of ...

The Commission for the Protection of Competition (CPC) approved on Friday Eurobank’s bid to acquire Hellenic Bank’s share capital. The decision was taken with a majority vote in ...

New lending in Cyprus remained stable during 2023, a reflection of an economic environment dominated by high interest rates, which also pushed loan restructurings to historically unprecedented levels. According to a ...

The Central Bank of Cyprus issued a warning on Friday regarding an entity by the name of “Neo Business Bank”, saying it does not hold the relevant licences to operate ...

The Central Bank of Cyprus (CBC) this week released a quarterly report showing that the interest rate on household deposits with a maturity of up to one year increased to 2.29 ...

The attorney-general’s office said Thursday it has appealed a ruling by Limassol district court that found in favour of depositors with now-defunct Laiki (Popular) Bank whose uninsured savings got ...

Finance Minister Makis Keravnos and Cyprus Central Bank (CBC) governor Constantinos Herodotou held a meeting on Thursday, discussing a potential decrease in interest rates by the European Central Bank (ECB) ...

The Non-Performing Loan (NPL) ratio in Cyprus remained unchanged at 8.3 per cent in November 2023, according to a report released on Thursday by the Central Bank of Cyprus (CBC). According to ...

Private debt in Cyprus, including households and non-financial companies, reached 206 per cent of GDP at the end of the third quarter of 2023, according to a report released this week by ...

A financial product that enables banks to shed risk from loan portfolios is gaining more popularity among lenders in the United States, with investors and lawyers devising new structures to ...

Eurozone governments sold a record amount of bonds directly to investors in January, seeing the highest demand ever, as hopes grow for interest rate cuts to support a weakening economy. ...

The European Central Bank (ECB) kept interest rates unchanged at a record high on January 25, meeting the expectations of analysts, and reiterated its commitment to lowering inflation. In addition, there ...

PayPal (PYPL.O) is launching new artificial intelligence-driven products as well as a one-click checkout feature, the company said last week as its chief executive tries to inject new life ...

Here are the top business stories in Cyprus from the week starting January 22: The Cyprus Stock Exchange (CSE) concluded 2023 on a high note, with listed securities surpassing €4 billion, as reported ...

The value of deposits in the Cypriot banking system experienced a substantial monthly increase of €346 million in December 2023, reaching a total €52.2 billion, according to a report released on Friday by ...

The eurozone should not weaponize its own currency in a global conflict as that could ultimately undermine it, an influential European Central Bank policymaker said on Friday, just as the ...