Banking and Finance

Long before Europe faced its debt crisis, Sweden struggled through its own 1990s property crash. Now the country is preparing to use an old playbook to contain its problems. Sweden ...

Alpha Bank Cyprus this week announced that it is proactively rewarding its customers who remain diligent in repaying their variable-rate housing loans. According to the announcement, in line with its ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday announced its decision to impose an administrative fine of €100,000 on Cyprus Investment Firm BDSwiss Holding Ltd. According to the relevant announcement, ...

The European Central Bank raised interest rates for the ninth consecutive time on Thursday and kept the door open to further tightening as stubborn inflation and a growing risk of ...

A look at the day ahead in European and global markets Is the most aggressive US hiking cycle in a generation finished? After Wednesday’s 25 basis point hike, markets seem ...

Debt management firm Themis Portfolio Management on Wednesday released a statement in which it reaffirmed its commitment to collaborate with borrowers to find quick, transparent, and consensual solutions for credit ...

British billionaire Joe Lewis has surrendered to U.S. authorities in Manhattan and is expected to appear in court later on Wednesday to face insider trading charges, a spokesperson for ...

Deutsche Bank (DBKGn.DE) on Wednesday posted a 27 per cent fall in second-quarter profit as investment banking revenue slumped and warned of the need for cost cuts even though higher ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced a decision to impose a massive fine of €400,000 on the Cyprus investment firm Goldenburg Group Ltd. The commission explained that ...

The Republic of Cyprus’ government bond yields have recently shown signs of stabilisation, with the average weighted yield of July bonds reaching 3.64 per cent, compared to 3.61 per cent in the ...

Bank employees union Etyk on Tuesday said that after an arbitration process through the ministry of labour it has ensured that Bank of Cyprus staff are reimbursed the full travel ...

After a successful annual general meeting held on July 17, 2023, the CFA Society Cyprus has introduced its newly elected board of directors for the term 2023-2024, led by the newly appointed ...

The Turkish Central Bank said on Tuesday it had set the monthly growth limit for lira commercial loans at 2.5 per cent, down from a previous 3 per cent, excluding export, investment ...

The European Central Bank looks set to pull the rate-hike trigger on Thursday, but what it will do after July is less certain and financial markets are craving some guidance. ...

Here are the top business stories in Cyprus from the week starting July 17: Tourist arrivals in Cyprus experienced a significant increase of 22.7 per cent in June 2023 compared to the same ...

Plum, the smart money app whose Cypriot office is located in Nicosia, on Friday, announced that it is revolutionising the stock investment experience for customers in Cyprus with the introduction ...

The ECB this week released the latest version of its Household Finance and Consumption Survey (HFCS) report, providing insight into the financial state of households in Cyprus and the Eurozone, ...

Euromoney, one of the leading international magazines focused on banking, finance and financial markets, has named the Bank of Cyprus as the ‘Best Bank in Cyprus’ in its 2023 Awards for ...

Cypriot Finance Minister Makis Keravnos on Wednesday stated that the economy is on a solid path, with the government closely monitoring developments to ensure its sustained progress in the coming ...

The Cabinet gave its approval on Wednesday to an agreement aimed at preventing double taxation and tackling tax evasion related to income taxes. The agreement, along with its corresponding protocol, ...

The total amount of Non-Performing Loans (NPLs) in the Cypriot banking system reached €2.19 billion in April, with the NPL ratio against total loans remaining unchanged at 9 per cent. According to ...

The Bank of Cyprus is issuing a new high-priority bond worth €300 million, capitalising on the positive momentum following the issuance of Additional Tier 1 capital in mid-June, according to a report ...

Fitch Ratings on Monday released a new report stating that the stable quality of Cypriot banks’ assets in the second half of 2023 will be supported by positive prospects for the ...

UBS’s (UBSG.S) emergency takeover of Credit Suisse may lead to thousands of job losses, departures of key staff and a risky integration challenge, but for many UBS investors ...