Banking and Finance

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 ...

Most leading euro zone banks have met a January 2024 target for issuing special debt to replenish capital in a crisis, but some need to do more to ensure they can, ...

Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients’ cryptocurrencies and tokenised assets, Taurus said in a statement on Thursday. The partnership means ...

The head of the Association for the Protection of Bank Borrowers (Syprodat) Costas Melas said on Monday that he requested to meet with finance minister to present him with new ...

Here are the top business stories in Cyprus from the week starting September 11: President Nikos Christodoulides on Friday deflected media questions about the inflation and higher interest rates saying the ...

President Nikos Christodoulides on Friday deflected media questions about the inflation and higher interest rates saying the government had a fiscal responsibility to safeguard the viability of the economy so ...

Russia’s VTB Bank (VTBR.MM) said on Wednesday that it will launch money transfers in Indian rupees by the end of September. Retail customers will be able to send ...

Cypriot Finance Minister Makis Keravnos on Wednesday expressed optimism regarding a potential upgrading of Cyprus’ credit rating to investment grade by the global rating agency Moody’s. The minister’s ...

Mastercard (MA.N) on Tuesday denied a media report saying the payments processing giant is planning to increase the fees that merchants are charged when their customers use credit cards ...

The European Central Bank (ECB) on Wednesday criticised the Italian government’s proposed tax on windfall bank profits, saying it did not consider lenders’ long-term prospects and could make some ...

Israel’s central bank is pushing forward with plans to issue a digital shekel, citing the need to improve the country’s payment systems, but on Tuesday remained noncommittal on ...

The Central Bank of Cyprus (CBC) has raised concerns as the number of bounced checks continues to surge, reaching a total of 36 in August 2023, with a combined value of €78,108. According ...