Banking and Finance

The economist overseeing the project for the finance ministry announced on Friday that preliminary proposals for changes to the tax law will be submitted in March 2024, following the completion of ...

Minister of Finance Makis Keravnos, has confirmed that employees in both the public and private sectors, entitled to the Cost of Living Allowance (CoLA) will receive a 2.44 per cent wage ...

The Cyprus Investment Funds Association (CIFA) this week released a statement expressing an optimistic outlook for 2024, anticipating another favourable year for the investment funds sector in Cyprus, despite any challenges ...

In a proactive move aimed at fortifying the resilience of financial institutions against evolving cyber threats, the European Central Bank (ECB) has unveiled plans for a comprehensive stress test involving 109 ...

London-based firm Global Capital, which specialises in international capital markets, hailed Cyprus’ sustainable bond issuance of €1 billion in April 2023 as the top public-sector green and social bond for the year, ...

International credit rating agencies have confirmed the exact dates upon which they will announce the results of their evaluation of Cyprus’ economic standing in the coming year. It should be ...

Cypriot banks saw a rise in deposits and loans during November 2023, according to the Monetary and Financial Statistics report, valid as of December 2023, released by the Central Bank of Cyprus (...

Hellenic Bank on Tuesday released a statement welcoming the recent launch of the mortgage-to-rent scheme, which went into effect on December 4, 2023, describing it as a favourable way for eligible borrowers ...

HSBC (HSBA.L) subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France (CCF), a subsidiary of My ...

Theophanis Theophanous has been working for Barclays in the United Kingdom since 2011 when he joined as Managing Director in the UHNW and Family Offices team. Prior to that, he worked ...

Hellenic Bank announced on Thursday that it has established a Sustainable Bond Framework, aiming to contribute to the sustainable transition of the Cypriot economy and striving to create a long-term ...

Marios Tannousis has been proudly leading Invest Cyprus as its CEO. As the investment authority of the Government of Cyprus, Invest Cyprus plays a pivotal role in the nation’s ...

Olga Milko currently holds the position of Business Development Director at Freedom Finance Europe. Milko has held several managerial roles at the company for the last five years and saw ...

In the tumultuous landscape of 2023, the global economic and sociopolitical spheres were rife with challenges that tested the mettle of governments, organisations, and businesses of all sizes across the world ...

The year 2024 is poised to be a transformative period for the finance industry. What are some of the key finance trends that are expected in 2024? “The financial industry has come ...

The financial services sector has demonstrated its ability to successfully navigate unprecedented levels of uncertainty in recent years From real estate to insurance to investment management to banking and capital ...

Global equity funds saw significant withdrawals in the week up to Dec. 20 as investor enthusiasm over potential rate cuts waned and profit-taking set in ahead of the year-end holidays. The ...

The Central Bank of Cyprus (CBC) this week announced that it has decided to retain the countercyclical capital buffer (CCyB) at 1 per cent, in accordance with the Macroprudential Supervision of ...

Freedom Finance Europe this week announced the inauguration of 3 new offices in the Netherlands, Austria, and Bulgaria, marking another step in its growth trajectory. The company noted that this expansion “...

The Cyprus Stock Exchange (CSE) on Wednesday announced the initiation of a consultation process by the Ministry of Finance regarding the proposed bill for the privatisation of the exchange. Titled “...

State-owned asset management company Kedipes on Tuesday announced the signing of an agreement with the Bank of Cyprus (BoC) for the sale of a portfolio of serviced and up-to-date restructured ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday announced the conclusion of a groundbreaking event, conducted in collaboration with the NGO Citizens in Power and the Chartered Financial Analyst (...

‘Wealth Management is for all’ Hellenic Bank’s Wealth & Investment Services recently hosted a client forum, placing the spotlight on the recent market developments and investment trends. The discussion ...

The Central Bank of Cyprus (CBC) on Monday released a report delving into the country’s financial stability in 2022, as well as its preliminary estimates for the current year, noting ...