Banking and Finance

Net new loans in Cyprus showed a modest recovery in July 2023, reaching €300.5 million compared to €240 million in the previous month. For the period from January to July, net new loans ...

Cyprus experienced a decrease in acceptance deposit rates (for new placements) within its banking system during the month of July, despite consecutive increases in the European Central Bank’s (ECB) ...

By Andrey Afanasiev Embedded finance changes the way people interact with financial services. Nowadays, financial companies are the points of contact for financial services customers. For example, when we purchase ...

The European Central Bank may need to raise interest rates further, Austrian central bank chief Robert Holzmann said on Thursday, just as fresh figures showed euro zone inflation steadied in ...

The European Central Bank needs to measure the impact of the digital euro on the euro zone’s banking system before any final decision on its potential launch, Spain’s ...

Artificial Intelligence (AI) has revolutionized various industries, and debt management is no exception. With its ability to analyze massive amounts of data and make complex decisions in real-time, AI is ...

The Cyprus Borrower Protection Association (Syprodat) on Thursday said that the “serious and vigorous efforts” made by the Minister of Finance to provide relief to borrowers have been warmly welcomed ...

Bank bondholders who saw their assets wiped out in the 2013 financial meltdown said on Thursday they hope that compensation payouts can finally begin next year. They made the comments after ...

Wargaming, a prominent player in the gaming industry, has announced its decision to sell its remaining stake in Hellenic Bank to Eurobank. The deal, valued at €65.9 million, encompasses Wargaming’s 6.8 ...

UBS Group (UBSG.S) plans to cut 3,000 jobs in Switzerland in the next couple of years, as it offered the first glimpse of how it plans to achieve more than $10 ...

The proposed measures by the government aimed at reducing non-performing loans (NPLs) will not effectively contribute to their reduction, the Association for the Protection of Bank Borrowers (Syprodat) said in ...

Disclaimer: This material is not intended for viewers from EEA countries (European Union). Binary options are not promoted or sold to retail EEA traders. In today’s fast-paced financial landscape, ...

The spokesperson of the Association of Cyprus Banks Andreas Costouris on Wednesday stated that the association does not agree with how Finance Minister Makis Keravnos is presenting the situation surrounding ...

Hellenic Bank announced on Wednesday that it posted a profit of €160.2 million during the first half of 2023, a result that underscores the resilience of its business model amidst a challenging ...

The world of Forex trading can be complex and demanding, especially for those looking to navigate its unpredictable waters. One of the key tools traders rely on to enhance their ...

After experiencing a notable increase over the past two months, both deposits and loans in the Cypriot banking system witnessed a decline in July 2023. According to data released this week ...

As financial markets become increasingly complex, it’s crucial for traders to stay ahead of the curve. One way to do this is by leveraging the power of backtesting and ...

Finance Minister Makis Keravnos said on Monday he will have a new round of meetings with bank executives to see how lenders might refrain from raising interest rates again, as ...

International credit rating agency Fitch recently released a piece of analysis on the acquisition of Hellenic Bank by Greek lender Eurobank, with the agency noting that the completion of all ...

Here are the top business stories in Cyprus from the week starting August 21: Entertainment venues in coastal towns are still seeing heightened traffic after the 15 August public holiday, according to ...

Eurobank on Friday announced a further increase in its ownership share of Hellenic Bank, with the bank disclosing that it has reached an agreement with Senvest Management LLC to acquire ...

Mastercard (MA.N) and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22, a spokesperson for Mastercard said via email ...

The new Caesars casino in Danville, Virginia, is a temporary facility reminiscent of an airplane hangar and with limited food and drink options. It still saw 400,000 visitors lay out more ...

The chairman of the Cyprus Securities and Exchange Commission (CySEC) George Theocharides on Thursday stated that Eurobank should proceed with a mandatory public offer to the shareholders of Hellenic Bank ...