Banking and Finance

Baker Tilly Klitou and Partners Limited has been appointed as the External Auditors of the Central Bank of Cyprus for the financial years 2023 to 2027, according to an announcement released on ...

By Ioannis Tirkides When the Bank of Japan raised its key interest rate from a range of zero to 0.1 per cent to 0.25 per cent, arguably to stem the yen’s ...

Hellenic Bank on Friday reaffirmed its commitment to sustainability through a number of actions and initiatives outlined in its 2023 sustainability report. The report provides an in-depth look at the bank’...

The Bank of Cyprus (BoC) on Thursday announced a profit after tax of €270 million for the first six months of 2024, marking a 23 per cent increase compared to the same period ...

In the realm of no credit check loans, enticing offers such as guaranteed approval, flexible repayment terms, and no origination fees can be quite appealing. However, it’s essential to ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced the imposition of administrative fines totalling €740,000 on the Cyprus Investment Firm (CIF) Exelcius Prime Ltd. CySEC chairman George Theocharides said ...

The mandatory public offer for the acquisition of up to 100 per cent of the issued share capital of Hellenic Bank Public Company Limited, submitted on June 4, 2024, has been completed, according ...

Britain’s top eight banks including HSBC, Barclays, Lloyds and NatWest could be wound down in a crisis without the immediate need for taxpayer cash, the Bank of England said ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday published its new rules on digital customer onboarding through the release of a Policy Statement (PS-01-2024). According to the commission, ...

The capital reserves of Greek banks have been further strengthened, though the quality of these funds remains weak, according to a report by the international credit rating agency Morningstar DBRS. ...

The Central Bank of Cyprus (CBC) has made an upward revision to its GDP growth forecast for 2024, adjusting the projected growth rate to 3 per cent, an increase of 0.2 percentage points ...

The solvency ratio of the Cypriot banking sector rose to 25.7 per cent in the first quarter of 2024, according to a report released this week by the Central Bank of Cyprus (...

The Bank of Cyprus on Monday announced a new reward programme for borrowers who have maintained timely payments on their home loans. According to a statement from the bank, the ...

The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global economic environment, Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said on Monday. ...

Here are the top business stories in Cyprus from the week starting July 29: Deputy Tourism Minister Kostas Koumis recently completed a tour of Limassol’s wine-producing regions, focusing on villages ...

Eurozone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said in an announcement. ...

The value of cashless transactions in Cyprus reached €129 billion in the second half of 2023, with a total of 152 million transactions, reflecting an increase of 12 per cent and 15 per cent, respectively, ...

Alpha Bank Cyprus announced on Friday that more than 4,000 of its borrowers received over €3 million in benefits through the bank’s reward programme. The programme, which ran from August 1, 2023, to ...

Eurobank Cyprus generated a net profit after tax of €105.7 million in the first half of 2024, according to the bank’s financial results released on Friday. Specifically, the bank’s financial ...

Eurobank announced on Wednesday evening that it had successfully completed its mandatory public offer to acquire up to 100 per cent of the issued share capital of Hellenic Bank. This resulted ...

Eurobank this week posted an adjusted net profit of €732 million for the first half of 2024, an increase of 22.2 per cent year-on-year, while reported net profit stood at €721 million. In addition, ...

Net new loans in Cyprus experienced a substantial increase in June 2024, reaching a total of €330.6 million, compared to €234.9 million in May, according to a report released this week by the ...

Households in Cyprus hold more than €56 billion in financial assets, with a significant portion held in cash, deposits, and loans, while also reducing their debt burden, according to a report ...

The Central Bank of Cyprus (CBC) on Friday announced that it has set the reference interest rate at 11.76 per cent. In a statement, the Central Bank of Cyprus said that, ...