Banking and Finance

The Central Bank of Cyprus has concluded the competition for a new digital platform for customer compliance, CBC governor Constantinos Herodotou explained during an event held on Thursday evening. The ...

Russia’s central bank has extended restrictions on transferring funds abroad for another six months, the regulator said on Friday. Until March 31, 2024, Russian citizens and non-residents from “friendly countries” will ...

Financial institutions, especially fintech companies, are the most vulnerable businesses to data theft and cyberattacks. Since these institutions function solely on the web without physical presence, criminals use the anonymity ...

Fiscal concerns and worries over a prolonged period of elevated interest rates sent government bonds tumbling in the third quarter, and some investors believe more weakness is in store. US ...

Every day more and more companies use fintech tools. Industry expert Sergey Kondratenko explained that companies do this to improve the efficiency of their activities. A recent study by Thomson ...

Cyprus experienced a net increase of €8.5 million in total loans during the month of August 2023, following a significant reduction of €100 million in the previous month, according to a report released ...

Oil prices scaled one-year highs on Thursday while world stocks eyed their longest losing streak in two years as worries deepened about persistently high interest rates, sending investors to shelter ...

Oil Profit, an emerging technology that combines quantum computing and artificial intelligence, has gained significant attention in recent years. Its potential to revolutionize the financial industry is undeniable, but it ...

The Bank of Cyprus on Wednesday announced that it managed to secure five distinct awards at the World’s Best Digital Banks Awards 2023, presented by the renowned international magazine Global ...

In today’s rapidly changing financial landscape, commodity futures trading has emerged as a dynamic and powerful force. With its potential for significant returns and inherent risks, this specialized form ...

As the Federal Reserve’s hawkish stance boosts Treasury yields and slams stocks, some investors are preparing for more pain ahead. For most of the year, equity investors brushed off ...

The Bank of Cyprus on Tuesday said that a recent meeting with the government allowed for the bank’s initiative aimed at providing assistance to homeowners with loans secured by ...

The Cypriot economy has demonstrated exceptional resilience in recent years, according to statements made by Finance Minister Makis Keravnos, while speaking at the 4th Conference on “Banking System: New Challenges ...

The Central Bank of Cyprus (CBC) on Monday made a slight downward revision to its growth forecasts for 2023 and 2024, according to its latest macroeconomic projections released in September. The CBC ...

The European Central Bank has reached the point where it needs to be wary of raising interest rates too high and should try to avoid a hard landing of the ...

Here are the top business stories in Cyprus from the week starting September 18: Tourist arrivals to Cyprus witnessed a significant surge of 60,254 visitors in August 2023, a rise of 13.4 per cent ...

The Cypriot banking sector managed to bolster its resilience in 2023, despite recent economic and geopolitical events, according to Constantinos Herodotou, the governor of the Central Bank of Cyprus. Speaking at ...

An initiative by the Bank of Cyprus aimed at bolstering efforts to protect borrowers and first homes was discussed on Monday during a meeting of the bank’s leadership, led ...

The Bank of England halted its long run of interest rate increases on Thursday as the British economy slowed, but said it was not taking a recent fall in inflation ...

Cyprus Finance Minister Makis Keravnos on Thursday outlined three key characteristics of the state budget for 2024, the first under the administration of President Nikos Christodoulides. The budget is expected to ...

President Nikos Christodoulides on Thursday is set to meet with US and Chinese officials, as well as with the prime minister of Iraq and business leaders in New York. Christodoulides ...

Commercial banks have so far offered insufficient support amid interest rate hikes, the House commerce committee heard on Tuesday. During a session focusing on the issues caused by the European ...

The European Central Bank is done hiking interest rates and will stay on hold until at least July next year, according to economists in a Reuters poll, who said there ...

Societe Generale’s (SOGN.PA) much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy. As ...