Banking and Finance

Demand for a 10 per cent stake sale in Greece’s National Bank (NBG) by the country’s bank bailout fund was oversubscribed by six times on Monday, in the first ...

Japanese telecom company SoftBank’s Vision Fund will invest $500 million in OpenAI’s latest funding round, The Information reported on Monday, citing a person familiar with the deal. SoftBank declined ...

The need for diverse voices in science, technology, engineering, and mathematics (STEM) has never been more critical, particularly as the world becomes increasingly reliant on technology. Moreover, Tanya Romanyukha, the ...

Audio streaming platform Spotify was back up after an approximate three-hour-long outage on Sunday, which at its peak impacted more than 40,000 users in the United States, according to Downdetector.com. ...

Tourism in Cyprus remains an important part of the economy, but Deputy Minister of Tourism Costas Koumis warns against complacency. During an event celebrating World Tourism Day 2024 on Friday, in ...

Traders and investors comprehending the intricacies of the stock market require crucial tools to navigate efficiently. In such scenarios, the option chain emerges as a valuable assistant. These visual representations ...

The European Researchers’ Night, under the motto “Mission Possible,” drew thousands of visitors to the Cyprus state fair on September 27, offering an insight into research, innovation, and science. Organised by ...

Here are the top business stories in Cyprus from the week starting September 23: On Monday, Stella Ioannidou, a financial market infrastructures and payments expert at the Central Bank of Cyprus (...

Capital Intelligence Ratings (CI) has upgraded Cyprus’ long-term foreign currency rating and short-term currency rating to ‘BBB’ and ‘A2’, respectively, from ‘BBB-’ and ‘A3’, maintaining a positive outlook. The Limassol-based ...

The liquidity in Cyprus’ banking system reached €28.7 billion in August 2024, driven by an increase in deposits and a reduction in total loan balances, according to a report from the Central ...

You don’t have to be an economic expert to know that developing countries face unique challenges and opportunities. Alejandro Betancourt López, a visionary leader in finance and development, ...

Online broker Freedom24 on Thursday announced that the number of customers on its trading platform has exceeded 300,000 people, describing this feat as “a significant achievement”. “This milestone marks an important ...

Lending criteria for Cypriot businesses became stricter in the second quarter of 2024, according to a report released on Wednesday by the Central Bank of Cyprus (CBC). The report explained that ...

Greece’s bank bailout fund HFSF will start the process to sell a stake of up to 12 per cent in National Bank of Greece (NBGr.AT) early next week, two ...

The Bank of Cyprus on Monday officially resumed trading on the main market of the Athens Stock Exchange (ATHEX) after a seven-year absence. According to an announcement by the bank, “...

The Bank of Cyprus on Monday announced the purchase of 24,800 ordinary shares on the Cyprus Stock Exchange (CSE) as part of its ongoing share buyback programme. The shares, each with ...

The digital euro will have the same level of privacy as cash notes, according to Stella Ioannidou, a financial market infrastructures and payments expert at the Central Bank of Cyprus (...

Cabinet on Friday approved the state budget for 2025 and the government’s medium-term fiscal framework for the three years between 2025 and 2027. Speaking after the day’s cabinet meeting, Finance Minister ...

The profitability of the Cypriot banking sector surged in the first half of 2024, with after-tax profits rising to €602.92 million, compared to €345.64 million at the end of March 2024. According to the ...

Non-performing exposures (NPEs) within the Cypriot banking sector dropped to €1.70 billion at the end of June, down from €1.80 billion in March, according to the Central Bank of Cyprus (CBC). According ...

Eurobank Cyprus on Thursday announced the appointment of Andreas Petsas as its new Chief Executive Officer (CEO), following a decision by the bank’s board of directors. According to the ...

Hellenic Bank provided an update on the bank’s achievements and developments since early 2024 during its annual general meeting on Wednesday. In a statement, the bank said that the meeting “...

The necessary conditions for the listing of Bank of Cyprus shares on the Athens Stock Exchange have been met, according to an announcement from the relevant listing and market operations ...

Eurobank and the Indian Chamber of Commerce (ICC) this week signed a Memorandum of Understanding (MoU) at the Indian Embassy in Athens. The agreement, signed on September 16, aims to establish ...