Banking and Finance

The Central Bank of Cyprus (CBC) announced on Friday that Cyprus’ household and corporate debt levels continued to decline in the second quarter of 2025, as both sectors benefited from higher ...

The European Central Bank (ECB) decided to keep its deposit rate unchanged at 2 per cent for the third consecutive meeting, a move that many economists see as confirmation of a ...

Anti-Money Laundering Authority (AMLA) chair Bruna Szego, visited Cyprus on Thursday, as part of her tour across European Union member states to enhance coordination between AMLA and National Competent Authorities (...

The House on Thursday passed a law aiming to tighten up screening of Foreign Direct Investment (FDI) where such investments are deemed to possibly impact national security. The controls will ...

The European Central Bank kept interest rates unchanged at 2 per cent for the third meeting in a row on Thursday and offered no hints about future moves as it enjoys ...

The Cyprus Securities and Exchange Commission (CySEC) has marked its participation in World Investor Week with a series of targeted information and education initiatives focusing on the challenges of today’...

The European Central Bank (ECB) announced this week that the net saving of the euro area economy increased in the four quarters leading up to the second quarter of 2025, while ...

Bank of America (BofA) Securities confirmed its positive stance on the Greek banking sector this week, stating the banks are undergoing a transitional period as markets focus on the trough ...

Euro area banks reported a small net tightening of credit standards for loans or credit lines to enterprises in the third quarter of 2025, with a net percentage of 4 per cent, ...

Barclays will buy US personal loan originator Best Egg for $800 million, the British bank said on Tuesday, as it tries to add scale in its personal banking business in the ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has called for an urgent and substantial reform of the bank’s governance model, arguing that the current structure is obsolete and ...

Eurobank’s board of directors has called shareholders to an extraordinary general meeting on December 3, 2025, to approve the merger of Eurobank S.A. with Eurobank Holdings S.A. through absorption ...

Piraeus Bank has been upgraded to the investment-grade rating of ‘BBB-‘ by Fitch Ratings, marking a significant development as the bank is now assessed at investment grade by three of ...

The European Central Bank will likely keep rates on hold again on Thursday as traders waver on whether it will resume easing next year. Renewed US-China trade tensionsprompted caution in ...

The Central Bank of Cyprus (CBC) announced on Monday that it is renewing the deadline for individuals and legal entities to submit requests for reduced legal expenses related to bank ...

Jefferies has reaffirmed its positive outlook on Greece’s two largest banks, the National Bank of Greece (NBG) and Eurobank, ahead of their upcoming third-quarter 2025 financial results. The investment firm ...

Deposits in Cypriot banks rose sharply in September, while lending also strengthened, reflecting resilient liquidity and stable credit demand, according to the Central Bank of Cyprus (CBC).  In its Monetary ...

Alpha Bank saw strong investor demand for its first-ever green senior preferred bond, marking its return to the international capital markets following the restoration of its investment grade rating. The ...

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has detailed the key risk drivers currently facing EU financial markets as geopolitical events continue ...

The European Banking Authority (EBA) recently published its annual report on convergence of supervisory practices for 2024 across the European Union. The report details the EBA’s extensive efforts to strengthen ...

The Central Bank of Cyprus (CBC) on Friday held its first special session on the digital euro, bringing together payment service providers, including banks, payment institutions, and electronic money institutions. ...

Astrobank on Friday announced the appointment of Baker Tilly Klitou and Partners Limited as its external auditors for the financial year 2025 and subsequent years. This follows the completion of an ...

Cyprus has taken another step towards digital transformation as the government, including all ministries, several municipalities and EOA, adopts the electronic invoicing service offered by Jinius, the integrated business ecosystem ...

U.S. President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the giant Binance cryptocurrency exchange, a White House official said on Thursday, the latest in a series ...